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Daily Mirror
Daily Mirror
Business
Sam Barker

Teenagers could be missing out on £2,100 in 'forgotten' cash - how to find lost accounts

Tens of thousands of teenagers have forgotten savings accounts worth an average of £2,100 - and the government is urging people to check if they're due a windfall.

The savings accounts are called Child Trust Funds (CTFs), and were set up for all children born between 1 September 2002 and 2 January 2011 with a live Child Benefit claim.

Parents or guardians set up these accounts with Child Trust Fund Providers – usually banks , building societies or investment managers – using vouchers provided by the government.

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