Whether you’re teaching your kids how to save their pocket money or investing in their future, opening a children’s savings account can help you access better rates.
Parents in the UK put aside an average of £18,212 for their young ones, according to a study by Flagstone. More than 40 per cent of parents are saving this money for their kids’ education or university, which is why a third plan to hand over the cash when their child turns 18.
