Child Trust Fund

Caroline

09/11/2007 at 18:07

Help!!!!!!
I am getting more and more confused and irritated by all the bumpf that different companies keep sending me! I have a few questions:
1) Who did you decide to go with?
2) Do you pay a fee? I notice some companies charge you a % fee which I think is a bit mean on a kids savings account!
3) What type of interest rate do you get?

Thanks!

simone

09/11/2007 at 19:23

I went through lloyds tsb called childrens mutual, can't remember the interest, but it must have been ok for me to go with it!
I also didn't have to pay a fee.

Zoe

09/11/2007 at 19:35

Hi,

Both of mine are with the Britania Building society. It is a savings account as i didn't want to risk the money in shares, they could end up with less than what's put it, I wasn't prepared to take the chance.

Caroline

09/11/2007 at 20:01

Thanks girls!
I have been doing a spot of research on the internet and apparently there are 3 types, 1 has high risk, 1 medium risk and 1 low risk. I agree Zoe, I don't want to risk Bronwyn's money. I also don't like the idea of paying someone to look after the money!

Rachel&MaisyS

09/11/2007 at 21:49

hi caroline
i work of a building society we do child trust funds..
we do branch based accounts with passbook interest at the mo i think is about 5.5% variable
or
the one that you have to pay a fee for are the stock market investment. loner term savings
rachxxx

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