I've been searching around but cant find anything on this;
I currently have a halifax stepped (thats what i call it anyway) saving account set up for my chidren where we pay £100 in a month for a maximum of 12 month where after this gets swept into a lower interest account and it restarts again (max of £120).
The stepped saving account pays 10% interest per month on the stepped account and a lessor figure on the secondry account of about 3% which is capped at 5K, but i can open upto 5 accounts with the3%
I'm just wondering whether there are similar schemes running here? i've looked around and cant really see anything related to child saving.
I think its probably better to keep the halifax one going however some people are saying its better to keep the cash off shore?
any advise is welcome