Child savings account

Hi all,

I am in a bit of a dilema. I want to open a saving account for each of my children ( so two acconts), both are under 10.
I am not sure where to open these account. I was thinking to open them with National Irish Bank. The other option was Ebs. I am a customer with Ebs so would be much easier to open with them. I am not a customer with National irish bank. I just thought National Irish bank would be more secure than Ebs. But i am not sure anymore.
My kids wouldn't save every week or month in these accounts but would throw in any monies they received from grandparents, etc. Also i would start both accounts with an amount of around 800 euros each. Looking for something long term, not wanting to touch these accounts till they are older.
So any advice from people would be appreciated

So it looks like you want:
1) A safe place for your deposits.
2) Instant access.
3) The ability to add to the account. (so not a term deposit)
4) an account that allows 800 EUR as a balance.
5) You would prefer NIB or maybe EBS.

Is that correct?

Okay, I think the below account best suits your needs:

[broken link removed]
3.00% on €1 to €50,000
Note 1: Instant access.
Note 2: Withdrawals reduce interest rate by 2.00% to 1.00% in the month of the withdrawal.
Note 3: Interest paid annually.
Deposit Protection: Danish scheme covers up to 100,000 EUR, and also up to 100,000 EUR with the Irish Deposit Protection Scheme.

Click to expand...

Actually, you'd be better off opening a Junior Savings account with NIB for both of them - I have some for my kids/godchildren etc. and they're fine. Not as good a rate as the eSaver (obviously), but you do have instant access...

The eSaver also gives instant access.

i was looking for the same info... eSaver sounds good

Note that eSaver is for customers 18 and over, so could not be opened in your children's names

Good spot. Looks like the junior saver is the best option for the OP.