Child Trust Fund
Baby Bond®
Key features at a glance
- Offered in partnership with The Children's Mutual - The only organisation in the UK that specialises exclusively in children’s savings.
- Save from £10-£100 a month to help your child's savings grow.
- Tax-free growth and a tax-free lump sum for your child at 18.
The Children’s Mutual is the only organisation in the UK to specialise in children’s savings. Having been involved with Child Trust Fund consultation since its inception, and offered plans for saving for children for more than 50 years, The Children’s Mutual is ideally positioned to a Child Trust Fund account
The Child Trust Fund (CTF) is the first ever universal savings account for children. Starting in January, nearly two million children born since 1 September 2002 will receive a voucher for at least £250 to set up a long-term savings account. After that, around 60,000 new born children will qualify each month for the CTF. The account will mature when a child reaches 18 and is intended to provide a financial kick-start into adulthood.
David White, Chief Executive of The Children’s Mutual said: "The Child Trust Fund is a wonderful opportunity for parents to start saving for their children and we are delighted to be working in partnership with Leeds Building Society to deliver a stakeholder Child Trust Fund savings account to their customers."
In addition to the Child Trust Fund account Leeds Building Society will also be hoping to offer a cash-based alternative in the future.
To make sure you receive information about the Child Trust Fund, simply complete the online registration form and an information pack will be sent to you straight away. Alternatively you can apply online now.
Want to find out more?
Open a Stakeholder Child Trust Fund Baby Bond®