Child Savings Accounts | Finance

Tooth fairy generosity grows

Britain's children are in for a toothy treat, as new research reveals that the tooth fairy is worth an enormous £23.4million this year.

Children's savings - it's just got easier

Andrew Hagger from Moneyfacts.co.uk looks at the vast array of children's savings accounts on the market and a recent innovative idea that will help boost the balances of young savers in the UK.

Money and exams top list of worries for today's troubled kids

Widespread concern about the state of the economy and the uncertainty in the housing market are causing stress in children as young as 11 years of age according to a new report from Abbey Banking.

Which children's savings account is top of the class?

Children starting school now could have a collective £10.7 billion by the end of their schooldays if their parents start saving just £50 a month for them.

Savings habits start young and die hard

New research from Nationwide Building Society reveals the impact saving as a child has on adults' saving behaviour. Just over half (56%) of consumers questioned saved as a child and, of those that did, 71% save regularly now. This is over one and a half times the number of consumers who didn't save as a child, saving regularly now (45%). Also, nine out of ten (92%) former child savers think their savings habits helped them to appreciate the value of money whereas seven out of ten (69%) non-child savers admit to not appreciating the value of money now.

Good financial habits can last a lifetime

Michelle Slade, analyst at Moneyfacts.co.uk, comments: "As another new school year is about to start, there will be many teenagers who are about to move into the world of either full-time or part-time work. In the last month there has been much written about finance for students, but not everyone heads off to university. For most of these teenagers, it will be the first time they have really had to manage their money.

New parents urged to produce a generation of savers

Making regular savings – no matter how small – is essential if parents are serious about helping their children weather the storm of a future credit crunch, says finance comparison site Moneynet.co.uk.

Pocket money immune

Adults are protecting their children from the effects of the Credit Crunch, according to new research from Skipton Building Society. In the second report in its Credit Crunch Britain series, Skipton's research indicates that 9 out of 10 children (89.9%) are getting the same or more pocket money than last year.

East Mid's kids have highest savings in proportion to pocket money

Children living in the East Midlands have the highest savings balances in proportion to pocket money, according to research from Halifax.

Yorkshire Building Society wins Best Youth Account Award

Yorkshire Building Society has won the Best Youth Account Award for its Freedom Account in the Moneywise Children's Savings Awards.

The Nottingham launches The Child Regular Saver

A new high interest-bearing savings account - catering for the needs of children aged 16 or under - has been launched by The Nottingham.

Kids can't rely on pocket money

Children rely on income from other sources in addition to pocket money received from their parents, according to research from the Halifax.

Children in Harrow have the highest savings balances in UK

Children in Harrow, Greater London, have the highest savings balances in the UK with an average balance of £2,193, followed by two other London boroughs, Brent (£1,927) and Barnet ( £1,896), according to the Halifax Children’s Savings report.

Pocket money comes of age

In October 1987, Halifax surveyed members of the Little Extra's Club gaining their opinion on pocket money.

The £194,000 price tag of raising a child

The annual survey from insurance and investment group LV= on the Cost of a Child, now in its sixth year, shows that parents could spend £193,772 on raising a child from birth to the age of 21. This is equivalent to £9,227 a year, £769 a month or £25 a day.