If you’re on the lookout for a savings option that delivers a good return, but gives you easy access to your money then a cash ISA can be a good choice. Barclays have an appealing offer currently available in the form of a 3-year flexible ISA. Here’s the low down … What it Offers Save
Whether you’re adding money to help them along in the future or whether they’re saving their pocket money for something special, children’s savings accounts can be a great idea. As well as teaching kids the valuable lesson that saving pays off, a good savings account will add interest, meaning their money is earning more cash.
If your child was born between 1st September 2002 and 2nd January 2011 then they should have a Child Trust Fund (CTF) account in their name. These were initially designed to encourage parents and other family members to save for the child’s future. With the introduction of Junior ISAs for children born after this point,
As a youngster, I thought that if you needed money, you either got some out of your purse or went to the bank. Whilst that is true to a certain extent, it isn’t really the whole picture. If you want your children to grow up understanding the value of money, it’s important to start teaching
If you earn over £9,440 (current threshold for 2013/14) per financial year, you have to start paying tax on income. While this is most commonly for your salary, it also includes any interest earned on savings. In order for your savings to generate as much as possible, it’s important to take advantage of tax free
If you’re considering opening up a savings account to provide for your little one in the future, or they want to get started on saving from a young age, you’ll need to find the right savings account. The majority of banks and building societies accounts for children. They trend to work in the same way