Have a picture of Alliance & Leicester First Saver Children's Saving Account?, please send it to us.
Picture courtesy of Falabidar.
| Value for Money | 2.4/10  |
|---|---|
| Reviewer Rating | 2.4/10 |
| Overall Rating | 3.9/10  |
By donna6540 on 9th May 2005
| Value for money | 3/10 |
|---|---|
| Overall value | 3/10 |
 donna6540's recommendation | |
Competitive rate of interest at time of opening.
Your child gets charged £1 per withdrawal of their own money! Interest rates significantly reduced this summer. Customer service isn't child friendly.
We tried to open another account for our second child and was told that an appoitment needed to be made which would take around 45 mins - not good when you have a toddler and newborn to contend with! I was appauled that a young child would get charged a flat rate of £1 per withdrawal and now they have reduced the interest rate so much that I would be surprised if anyone keeps their childs money with the A&L - this just makes me feel that our custom is no longer valued. They have offered an alternative account with a slightly better rate - but nowhere near the rates that you can get at other high street competitors.
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