Are there better rates available from any of the online banks?
None of those links have any children's accounts listed.Best Buy - Savings Best Buys
Savings Best Buys: There are 3 savings best buy threads on AskAboutMoney that are updated frequently. Instant Access and Notice Accounts - Lump sum variable rate savings. Fixed Term Deposits - Fixed Lump Sum Term Deposits from a few months to a few years. Regular Savings - Smaller sum...www.askaboutmoney.com
Hello I am considering things for my own children. Are these subject to tax?The options I've seen:
AIB pay 3% on junior saver, but only on balances up to 1,000
BoI pay 2% on child save, under 7 years, up to 10,000
EBS pays 2.5% up to 5,000 (plus 20 euro bonus after 6 months)
Ptsb pays 1% up to 20,000
Or open book savings deposit with An Post for 0.75%
Edited to add clarification from other posters.