It is a good idea to encourage children to save for themselves at an early age. Getting them to put money aside, either as a lump sum or in a regular savings plan, helps instill the saving habit.
A wide numbers are available for you to consider, savings accounts, National Savings, Child Trust funds, Friendly Society bonds, Investment funds and the new Junior ISA due in November 2011
‘Saving is a very fine thing. Especially when your parents have done it for you,’ Winston Churchill