Skipton launches new Leap account for children
Wednesday, 18 January 2012 11:00
Skipton Building Society has announced it has launched a new issue of its popular children's account Leap in order to help junior savers make the most of their money.
Leap Account Issue 2 (12 month bonus) has a 0.50 per cent bonus for the first year, which means the interest rate is 2.75 per cent AER.
It can be opened via any branch and matures 12 months after opening, whereupon it becomes a no-bonus account with a rate of 2.25 per cent AER, variable.
The new account is available for children aged up to 17 and can be opened with as little as £1.
Skipton's Kris Brewster said he hopes the new account will help parents to put away tidy nest eggs for their offspring.
"Saving for our children's futures is one of the most important aspects of managing our finances responsibly and that's why we take having a strong children's account offering very seriously indeed," he added.
Skipton is the UK's fourth largest building society and has approximately 772,000 members.
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