A few facts about this account.
Open bank account for child halifax.
There are a few variations but mostly they re simple safe cash accounts that usually pay some interest.
The problem is that you need to sign a contract to open an account and contracts signed by minors are complicated.
Halifax s new kids monthly saver is offering one of the very best rates available for a children s bank account.
With a 4 5 per cent interest rate this account will let you save for you.
One of you can start by opening a bank account online.
For people under the age of 18 opening a bank account is hard.
When opening a bank account for your child it s important to choose a strong financial institution and the right type of account.
While it might be possible to open a checking account for your child it s better to open a savings account.
State laws and corporate policies vary but most banks aren t going to open accounts for anybody under 18 unless there s also an adult on the account.
Visit your nearby capital one location to open your kids savings account and get started with awesome free digital tools and a top rated mobile app to help them manage their money anytime almost anywhere.
That s why kids savings accounts are available both online and in person at capital one locations so that you can bank on your schedule.
If you are looking to open a joint account with somebody else the process can be slightly different to opening a single account.
Children s savings accounts are much the same as adult ones and are offered by banks and building societies.
Credit interest on your account of 0 50 aer 0 50 gross variable on balances between 1 and 2 499 99 no interest will be paid on any part of your balance over 2 499 99.
Withdraw up to 500 subject to account conditions.
You can open a savings account with just 1 for any child aged up to 18.
The child must be 15 or under.
Access to 24 hour online banking.
As part of a regulatory requirement an independent survey was conducted to ask approximately 1 000 customers of each of the 19 largest personal current account providers if they would recommend their provider to friends and family the results represent the view of customers who took part in the survey.
To open and manage an account in trust for a child you must be 18 or over and a resident in the uk.
All accounts a parent holds for the child whether or not they are held with the same bank or building society are taken into account.
If you aren t a parent or legal guardian of the child you need the permission of a parent or legal guardian to open this account.
The 100 rule does not apply to parental contributions to a junior isa.
You ll get visa debit card with international contactless capability.
