Similar - I have EBS accounts for my two children and they were very easy to open. I like the idea of the pass-book, and that they can go into a bank before holidays (in a few years) and withdraw some spending money.I set up EBS for my kids a year ago - I didn't have the problems username123 had! It was quite straight forward.
There is next to no interest on them - but that's across the board at the moment
Agreed, but it wont make you rich : )That's higher interest than almost any account!