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Summary Box
Key Product Information for our Savings Accounts
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Account Name
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Child Trust Fund
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Interest Rates (AERs)
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Interest rate is variable and is
paid annually on the child’s birthday.
For current rates, please refer to
interest rate leaflet.
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Tax Status
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Interest will be exempt from UK income tax
providing the Child Trust Fund terms have been fully met. Favourable tax
treatment may not be maintained in the future.
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Conditions for bonus payments
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Minimum investment £250.00
(Government Voucher)
Minimum out of area investment £250.00
Maximum investment £1200.00 (per
birth year)
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Withdrawal arrangements
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No withdrawals are allowed until
the child reaches the age of 18.
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Access
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By branch or post.
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Current Interest rate
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Gross
%
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Net
%
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AER%
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2.00
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1.60
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2.00
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The Child Trust Fund (CTF) is a long-term savings
and investment account for children. The Government has introduced
the CTF to:
• ensure your child has savings at the
age of 18
• help your child get into the habit of
saving
• teach your child about the benefits of
saving and
• help your child understand personal
finance.
You can contact us on 01509 822000
to speak to a member of staff.
Please do not forget to send your identification. Please click here for a list of what is required.
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