Regular Savings A/C for a Child

Discussion in 'Deposits' started by abbey, Jan 6, 2017.

  1. abbey

    abbey Frequent Poster

    Posts:
    40
    Hi,

    As the title asks, any suggestions for Regular Savings A/C for a Child? Time to start the college fund especially if they the fees keep rising.

    Gura maith agaibh,
    A
     
  2. CiaranT

    CiaranT .

    Posts:
    4,449
    Hi Abbey,

    Have you considered the regular saver accounts in the best buy thread?
     
  3. abbey

    abbey Frequent Poster

    Posts:
    40
    I have, just thought their might be specific options that are aimed at kids.
     
  4. CiaranT

    CiaranT .

    Posts:
    4,449
    There are children's accounts.

    Do you want the account in the child's name or your name?

    AIB pay 2.25% AER variable up to 1,000 EUR in a child savings account.
    Ulster Bank pay 1.15% AER variable with no cap with these products.
    State Savings have a 6 year instalment savings account labelled as ChildCare Plus. 0.98% AER tax free.
     
  5. Balfour

    Balfour Registered User

    Posts:
    44
    Hi Ciaran

    For AIB, your child has to be between 7-11