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kids savings account

  • 01-07-2012 1:03pm
    #1
    km79
    Registered Users, Registered Users 2 Posts: 48,251 ✭✭✭✭


    can anyone recommend a regular savings account for children?
    want to set up 2 for my kids whereby I pay by standing order each month.
    dont need regular access as they wont be getting money till they are 18 :D
    so i guess the one with the best interest rate.
    currently have a URFIRST ULSTER BANK one for the eldest child but that will soon be closed.....
    post office was my first thought but they dont accept standing orders !!!


Comments

  • #2
    JTMan
    Registered Users, Registered Users 2 Posts: 5,541 ✭✭✭JTMan


    Do you want the account in your name or in the name of your kid?

    If you want it in your name then check out these savings best buys.

    If you want it in the Kids name, then one the below options might be best.
    EBS: Childrens Savings Account
    3.02% from €1 to €5,000
    • Instant access
    • Account can be opened by those under 12.
    • €20 (gross) bonus added to the account after the first six months of saving. The one off bonus interest payment will be credited to the account 6 months from account opening if a minimum balance of €50 is saved and maintained in the account for the first 6 months from the date of account opening
    • Deposit Protection: Unlimited via Eligible Liabilities Guarantee.

    EBS: Teen Savings Account
    3.02% from €1 to €5,000
    • Instant access
    • Account can be opened by those aged 12 to 17.
    • €20 (gross) bonus added to the account after the first six months of saving. The one off bonus interest payment will be credited to the account 6 months from account opening if a minimum balance of €50 is saved and maintained in the account for the first 6 months from the date of account opening
    • Deposit Protection: Unlimited via Eligible Liabilities Guarantee.

    Permanent TSB: Safari Saver
    3.00% from €1 to €20,000
    1.50% on €20,000+ on the entire balance.
    • Instant access
    • Account aimed at children under 12.
    • Interest paid annually on the first working day after 20th November.
    • Deposit Protection: Unlimited via Eligible Liabilities Guarantee.

    Permanent TSB: My Cash
    3.00% from €1 to €20,000
    0.10% on €20,000+ on the entire balance.
    • Instant access
    • Account aimed at 12-18 year olds.
    • Interest paid annually on the first working day after 20th November.
    • ATM card supplied with account.
    • Deposit Protection: Unlimited via Eligible Liabilities Guarantee.


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