Choosing a product that will grow with your child

saving for children

There are a variety of children's savings accounts on offer, but parents should consider N&SI Children's Bonus Bonds to avoid tax on parental gifts

High street financial institutions such as banks and building societies have long understood a simple fact - the younger you are able to attract a customer the greater the chance they will remain with you for a significant portion of their lives. The result is that there are a number of accounts aimed at children worth considering for children's pocket money or small cash gifts. Accounts aimed at children typically come with some form of freebie such as a cuddly toy, cinema tickets, CD vouchers or even railcards. Some banks and building societies even provide the option of cashcards that l...