Childrens Mutual Child Trust Fund Review

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2.7 stars
Average rating for this product is: 2.7 out of 5

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lapham's Review of Childrens Mutual Child Trust Fund

6th Aug 2008

Overall Rating

0 stars
  • Value for money
    0 stars
Bad Points

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General Comments

I have paid £120 into my grandchild's account over the past 12 months. CTF advise that the value of the fund has increased by £7.75 only on a total investment of £521.43. Even allowing for the poor performance of the stock market this is bad. No more investments into this fund for me.

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Members' Comments onlapham's Review

  • drawn2design on 9th Aug 2008

    I've just had the first year statement arrive and we are really disappointed as well. To think all our sons birthday and gift money had been stored here for the first year which comes to approx £500 and now to be told it is only worth £400! thats a massive decline and not one we intend to continue with. I thought we had been doing the right thing paying money in monthly and now our son is about to turn 1 and with another now on the way I am searching for other options as to how we can save for our children's future. I cancelled my Direct Debit straight away with the Barclays Trust Fund!

LenderAccountDescriptionInterestAEROverdraft  
Overdraft RateOverdraft Limit
NatWeste-ISAAvailable to existing Natwest Customers Only. The longer you save the more you can earn, save up to £3,600 in a tax year. See site for details.Monthly2.00%N/A
AbbeyDirect ISASave from just £1 to receive 2.00 AER (variable) tax free.Annually2.00%N/A
NatWestCash ISAAvailable to existing Natwest customers only. Transfer your previous years ISA's into this great cash ISA. Earn up to 2.0% AER tax free.Monthly2.00%N/A