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School Savings Clubs in Cardiff |
Cardiff Credit Union is now able to offer a Child Trust Fund Account. The Child Trust Fund (CTF) is a savings account for children and is designed to help your child save from an early age. Any child born on or after the 1st September 2002, living in the UK and registered to receive child benefit will automatically receive a £250 or £500 CTF voucher. The voucher must be put into a Child Trust Fund and can be topped up by parents, family or friends to a maximum of £1,200 a year. The CTF account is subject to an annual interest rate. The money can only be taken our by the child when they reach the age of 18. If you have already invested your voucher or it has been invested on your behalf, you can transfer your Child Trust Fund in to Cardiff Credit Union at any time. To find out the current interest rate or to request more information, please contact us. |
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