Kids bank account

T

tulip123

Registered User
Messages
18
Hi, I am looking for advice on the best bank account to open for my kids, aged 7 and 8. Up until now I have used one account in the eldest's name but with presents and 1st holy communion looming, it's time to seperate.They will need to be able to access them and I am wondering wheather to go with post office, credit union or bank. Any advice would be great.
Thanks
 
A Credit Union will give them a poor return for their money.

An Post is good for long term savings but not good for drip feeding.

I think PTSB Safari Saver account, is the best option below, with a higher balance threshold than EBS, and with 3.00% AER variable interest payments.

More options here.

[broken link removed]
3.02% from €1 to €5,000
  • Instant access
  • Account can be opened by those under 12.
  • €20 (gross) bonus added to the account after the first six months of saving. The one off bonus interest payment will be credited to the account 6 months from account opening if a minimum balance of €50 is saved and maintained in the account for the first 6 months from the date of account opening
  • Deposit Protection: Deposit Guarantee Scheme and the Eligible Liabilities Guarantee.

[broken link removed]
3.02% from €1 to €5,000
  • Instant access
  • Account can be opened by those aged 12 to 17.
  • €20 (gross) bonus added to the account after the first six months of saving. The one off bonus interest payment will be credited to the account 6 months from account opening if a minimum balance of €50 is saved and maintained in the account for the first 6 months from the date of account opening
  • Deposit Protection: Deposit Guarantee Scheme and the Eligible Liabilities Guarantee.
Click to expand...

[broken link removed]
3.00% from €1 to €20,000
1.50% on €20,000+ on the entire balance.
  • Instant access
  • Account aimed at children under 12.
  • Interest paid annually on the first working day after 20th November.
  • Deposit Protection: Deposit Guarantee Scheme and the Eligible Liabilities Guarantee.

[broken link removed]
3.00% from €1 to €20,000
0.10% on €20,000+ on the entire balance.
  • Instant access
  • Account aimed at 12-18 year olds.
  • Interest paid annually on the first working day after 20th November.
  • ATM card supplied with account.
  • Deposit Protection: Deposit Guarantee Scheme and the Eligible Liabilities Guarantee.
Click to expand...
 
You must log in or register to reply here.
Back
Top