The Nottingham: New child savings account launched
www.moneynews.co.uk > Banking > The Nottingham: New child savings account launched
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The Nottingham: New child savings account launched
Mon 9th Mar 2009
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Child Regular Saver accounts will be available to the building society's customers from today and will enable them to make regular deposits for children under the age of 16.
Offering a guaranteed interest rate of five per cent until April 2010, these savings accounts require an initial deposit of just £10 to open and offer customers unlimited withdrawals with no financial penalties.
Clare Roberts, a spokesperson for the Nottingham, said: "The Child Regular Saver is an excellent savings account that gives parents, grandparents and other relatives and friends the ability to save money for young people a very attractive rate of interest."
The Nottingham was founded in 1849 by a local businessman, Samuel Fox. From 1858 until 1861, the building society operated out of Mr Fox's grocery shop, offering mortgages alongside fruit and veg.
Click here for more banking news
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