Sir: Being old-fashioned enough to believe that the Post Office savings account was for small savers, particularly children, I opened two accounts, one for each grandchild, last year. At Christmas I tried to pay pounds 5 into each account to be told that the minimum acceptable was pounds 20. I exploded with fury and immediately wrote to the controller of the National Savings, demanding that the accounts be closed.
My grandsons now have a building society account each, into which I can pay as little as 10p when I have any money to spare. At present, interest is low, but being minors, income tax is not payable. Moreover I do not have to fill in a form in order to make a deposit.
Welwyn Garden City,