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GoodToKnow
Lifestyle
Emma Lunn

Should I set up a bank account for my baby?

expectant parents sitting on sofa looking at paperwork

If you want to start saving for your baby's future, you might be wondering whether you should open a bank account for them. But while some bank accounts for kids are only suitable when your child reaches a certain age, there are options for babies that are well worth considering.

Money.co.uk savings expert Lucinda O'Brien said: "It’s never too early to start saving for your child, as you can set up a savings account in your name when they are born with the sole purpose of saving for your child’s future. 

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