We think saving from an early age is a great way for children and young people to start to understand the value of money. It's also a real lightbulb moment to see kids realise that they can save up for what they want. If your family is on a tight budget it's also great for your kids to have their own savings-you can decide together whether the coveted game or trip is worth the money. On the other hand, if you are in the position to buy everything they want, how else do they learn that money doesn't grow on trees?
If cash savings are too much hassle, why not save from your Child Benefit or by standing order?
Open your child's savings account now- we still have a few of our famous flashing yoyos left to sweeten the deal.