Spotlight On: Clydesdale children's savings


Click to follow
The Independent Online

The deal

Clydesdale and Yorkshire Banks are launching two new children's savings accounts on Monday.

Good points

Jumpstart is an instant-access account for children aged six to 17, with a plastic card offered to 11-year-olds. Headstart is a 95-day notice account which allows parents to save with control passing to a child at 17.

Bad points

The interest rate – 2.5 per cent – includes a 1 per cent introductory bonus which is snatched away after a year leaving a poor rate.


There are other novelites with the accounts – such as a free watch or earphones – but they do look like an interesting attempt to get kids into savings. However, parents should perhaps seek out the best returns rather than the glitziest deals.

Looking for credit card or current account deals? Search here