Banks' Lack of Interest in Kids' Savings ; Lured with Gifts and Vouchers, Youngsters Can Get Little in Return Moneymail: Save It
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Summary
CHILDREN are being exploited by miserly banks and building societies paying as little as 2.75 pc interest. In some cases they are lured in with gifts and vouchers, but are then paid pitiful returns on their money.
Many of these banks pay less interest on their specialist children's accounts than on adult accounts.See the full content of this document
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Banks' Lack of Interest in Kids' Savings ; Lured with Gifts and Vouchers, Youngsters Can Get Little in Return Moneymail: Save It
Their actions fly in the face of government attempts to encourage children to take an interest in their money through Child Trust...
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