Britannia First Saver Children's Saving Account Review

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1.9 stars
Average rating for this product is: 1.9 out of 5

From 2 ratings and 3 reviews

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Guest's Review of Britannia First Saver Children's Saving Account

4th Jul 2009

Overall Rating

0.5 stars
  • Value for money
    0 stars
  • Ease of Use
    2.5 stars
  • Ease of Opening Account
    2.5 stars
  • Customer Service
    3 stars
Good Points

Staff are generally nice and approachable.


Bad Points

Terrible rates of interest.


General Comments

Britannia has treated children very poorly for some time, if they are too old to qualify for the trust funds. Some years ago they decided to disqualify children from getting the Loyalty Bonus; but after much protest they gave out low-value gift tokens as compensation before reinstating the Bonus at very paltry levels. For savings of c £3,000 my child this year qualified for just £4 Bonus. Plus the savings rates have been consistently below the Bank of England rate for some years.

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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