Child Trust Fund
About the Child Trust Fund
| Summary Box Key Product Information for our Savings Accounts |
|
Account Name |
Child Trust Fund |
Interest Rates (AERs) |
Interest rate is variable and is paid annually on the child’s birthday. For current rates, please refer to interest rate leaflet. |
Tax Status |
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. |
Conditions for bonus payments |
Minimum investment £250.00 (Government Voucher) Maximum investment £1200.00 (per birth year) |
Withdrawal arrangements |
No withdrawals are allowed until the child reaches the age of 18. |
Access |
By branch or post. |
Current Interest rate
| GROSS % | NET % | AER % |
| 2.00 | 1.60 | 2.00 |
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
• 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.
