Welcome to The Hanley Savings

HOME » Savings » Child Trust Fund » The Hanley Child Trust Fund

The Hanley Child Trust Fund

The Hanley Child Trust Fund non-stakeholder cash savings account is designed for those parents who wish to deposit their child's voucher into a risk free savings scheme.

Please note that the cash savings option may not be the best option for your child. Before opening a Child Trust Fund account we will explain all the options available to you.

Product Details

Account Operation

 

Account to be operated by a ‘contact’ which will usually be a person with parental responsibility until the child is aged 16 years when the child assumes legal responsibility.

Opening an Account

 

Accounts must be opened by visiting one of our branch offices at Hanley, Longton, Newcastle and Stone or at our Head Office on Festival Park.

Minimum Balance

 

Amount of Government Voucher.

Additional Investments

 

£1,200 per birth year.

Account Transfers

 

Transfers to other providers are allowed, however,
transfers in from other providers are not allowed.

Interest Paid

 

Annually on 31st August.

Interest Payment Options

 

Added to the account.

Withdrawal Restrictions

 

No withdrawals can be made until the child is 18 years old.

Account Operation

 

Branch visit only.

Printer Friendly Details

 

Interest Rates

Child Trust FundCurrent Rates 
Annual InterestRates effective from: 01/05/2008 
BalanceGrossNettAER
£250.00 and above                          7.75%Tax Free7.75%