Child trust funds Which? Best Rate cash CTFs
Note: Government contributions to child trust funds have now ended, and it is no longer possible to open a new child trust fund. If your child already has a CTF contributions to this can continue, and you'll be able to switch CTFs in order to ensure your son or daughter gets the best deal on their savings. Current alternatives to CTFs include children's savings accounts, with Junior Isas launching in November 2011.
Which? Best Rate child trust funds
We've selected five Best Rate cash child trust funds from those currently on offer. The AER is the annual equivalent rate - it's basically the interest rate but takes account of whether interest is paid monthly (and compounded) and any bonuses.
| Best Rates for child trust funds | |||||
|---|---|---|---|---|---|
| Provider and account | Accept transfer | Initial bonus | Bonus | AER | Find out more |
| Yorkshire Building Society Society Child trust fund | Yes | 0.7% | 12 months | 3.00% | Yorkshire Building Society |
| The 3% rate includes a temporary 0.7% bonus for 12 months. Operated at a branch or by post. | |||||
| Earl Shilton Building Society Child trust fund | Yes | 0% | n/a | 2.85% | Earl Shilton Building Society |
| Can be operated at a branch or by post. Pays a 0.5% bonus if £240 paid in per year for two years | |||||
| Skipton Building Society Child trust fund | Yes | 0% | n/a | 2.65% | Skipton Building Society |
| Can be operated at a branch or by post. | |||||
| Monmouthshire Building Society Child trust fund | Yes | 0% | n/a | 2.50% | Monmouthshire Building Society |
| Can be operated at a branch or by post. | |||||
| Ipswich Building Society Child trust fund | Yes | 0% | n/a | 2.40% | Ipswich Building Society |
| Can be operated at a branch or by post. | |||||
Table notes
Wherever we display a “MORE INFO” button in the above table, that company pays us a small fee each time someone clicks on the button. These payments do not influence whether a product is in the table, where it appears, or whether it continues to do so. Our Best Rates tables are compiled by our independent researchers. All revenue raised from these tables is reinvested in our research and campaigning work on behalf of all UK consumers.
- For more information on cash Isas, call our Money Helpline for guidance from our trained advisers
- Take a look at our Junior Isa reviews
- Or take a look at our guide to stocks and shares Isas
