Wheres best for kids small savings accounts?

T

Toby

Registered User
Messages
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I'd like to set up savings accounts for the kids to put small amounts into themselves, is the post office best for convenience etc or credit union?

Thanks
 
You will get a poor return at the CU.

'An Post' State Savings products are best for long term savings.

Options worth considering ...

 
Thanks, the post office is very convenient for quick deposits. Is there any reason to go to a bank instead?
 
Toby said:
Thanks, the post office is very convenient for quick deposits. Is there any reason to go to a bank instead?
Click to expand...

Better return on your money for instant access. Banks have better online facilities.
 
I have an account set up with PTSB Safari for my daughter since she was born in 2010. It was easy to set up - as I already have my own accounts with PTSB. They have also made it available to me online. I currently use it to put any cash gifts she receives in... once shes old enough, she will be encouraged to save like I was!
 
it’s a fun time to teach kids about savings, and there’s some serious interest to earn on the side. You can learn about the pitfalls of kid's savings and discover the banking options right here.
 
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