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DD wants to start saving

(5 Posts)
janpa Fri 28-Dec-12 22:16:12

DD, aged 6, has decided that she would like to start saving money at a bank/building society. I am keen to encourage her. I remember when I was young they used to do children's accounts which gave them piggy banks and all sorts of crap incentives and just wondered if any of them still do this? Cheers.

clippityclop Sat 29-Dec-12 00:36:45

We looked into this a year ago or so when we closed our dds PO a'c because the interest rates were rubbish, not much out there really. The Britannia was best for us at the time, and they gave £10.00 when we made the first deposit. We bought our own pretty folders to keep statements in and sorted out money boxes for short term saving (holiday treats/special toy etc) and what they call 'forever money' to go in the building society.

tribpot Sat 29-Dec-12 00:46:24

I looked at this article on MoneySavingExpert - we went for the Virgin one (which I think used to be the Northern Rock one).

feetheart Sat 29-Dec-12 00:49:24

Make sure you get an account with a passbook.
DC (8 and 6 at the time) were very excited last year when I took them to set up a bank account each. However the HSBC just send statements that didn't mean much to my two inspite of us explaining them. Have just switched over to Nationwide which has a proper passbook where you can see your money adding up as you put it in. Suddenly they are connected to it, excited by it and can see it grow. This is what I wanted in the first place - should have done my research better!

CoolaYuleA Sat 29-Dec-12 02:33:59

My DD has a Lloyds account (Stanley the dog moneybox and really cute and good story book about saving) and a C&G account (another moneybox).

LLoyds is statements. C&G is passbook.

C&G is about to change to TSB - which made me stupidly excited as my primary school savings account was a TSB one lol!

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