Moneyfacts Group Plc
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66-70 Thorpe Road
Norwich NR1 1BJ
Telephone: 0870
2250 476
Website: www.moneyfacts.co.uk
Child
Trust Fund Accounts
Moneyfacts has released details of the cash deposit CTF accounts
available.
Child Trust Fund vouchers will soon be
arriving through the post and parents will need to decide where they are going
to invest the money.
Jane Dawson, Head of Press & PR at
Moneyfacts says: “Many institutions have turned their backs on providing cash
deposit CTF accounts because of the amount of work involved for relatively
small amounts of money. Only eight providers have said they will offer this type
of account - Abbey, Britannia BS, Furness BS, Hanley Economic BS, Ipswich BS,
Nationwide, Skipton BS and Yorkshire BS.”
Moneyfacts
now has full details of the eight accounts and these are provided below.
CHILD TRUST FUNDS - % GROSS
|
||||||||
|
BANK/SOCIETY |
|
w.e.f. |
Rate |
Min Addition |
Int Paid |
Transfers |
Notes |
|
|
In |
Out |
|||||||
|
ABBEY |
|
6.04.05 |
5.25% |
£1 |
Yly |
Yes |
No Penalty |
Rate includes 1.00% bonus to 5.4.06 5.75% paid at
£750 |
|
BRITANNIA BS |
|
6.04.05 |
4.75% |
£1 |
Yly |
Yes |
No Penalty |
1.25% bonus paid for 2 years for accounts opened
before 6.4.06 |
|
FURNESS BS |
|
6.04.05 |
5.25% |
None |
Yly |
Yes |
No Penalty |
_ |
|
HANLEY ECONOMIC BS |
L |
6.04.05 |
5.50% |
£1 |
Yly |
No |
No Penalty |
_ |
|
IPSWICH BS |
L |
6.04.05 |
6.00% |
£1 |
Yly |
Yes |
No Penalty |
_ |
|
NATIONWIDE BS |
|
6.04.05 |
5.00% |
£1 |
Yly |
Yes |
No Penalty |
1.00% bonus pa for accounts topped up by a minimum
of £240 pa |
|
SKIPTON BS |
|
6.04.05 |
5.25% |
£10 |
Yly |
Yes |
No Penalty |
_ |
|
YORKSHIRE BS |
|
6.04.05 |
5.00% |
None |
Yly |
Yes |
No Penalty |
0.50% bonus paid in first year for applications
received by 6.4.05. 0.50% bonus pa if £200 is paid in during year |
L= Investments permitted from local area only
w.e.f. = The date on which the current rates of
interest came into effect.
ALL RATES ARE
VARIABLE AND SHOWN GROSS
MoneyFacts Group
Moneyfacts is the UK’s leading provider of personal financial
information. We research all our own data, which ensures it is
independent, impartial, totally accurate and up-to-date. Our data is used
and trusted by the industry.