Click on the name of the bank or building society for further information about the account.
See more on savings
Children’s Savings – Fixed Rate Bonds
A Fixed Rate Bond is a type of savings account within which the rate of interest remains fixed for a set period of time, and does not fluctuate with changes to the prevailing interest rates.
The Fixed Rate Bonds on this page are specifically designed for children’s savings with the account being held in the child’s name and an adult, generally a parent, grandparent or guardian acting as signatory on the account.
Bonds tend are generally available for periods of between one and five years, typically the longer your commit your savings for the higher the rate of interest.
Most fixed rate bonds will only allow a single initial deposit upon opening of the account and will not accept further payments.
The majority of bonds do not allow early access, always read the terms and conditions to ensure that the account you open is suitable for your needs.
Fixed Rate Bonds are perfectly suited to savers who are interested in forward planning and getting a better rate of interest than is offered by other accounts.
There is a wide variety of bonds to choose from; however the best rates may only be available for a short period of time, meaning it is worthwhile regularly checking the market to ensure that you select the account with the most competitive rate of interest to invest into.
As the account is held in a child’s name the interest is generally not subject to tax.