Nationwide Child Trust Fund Reviews

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

From 1 rating and 3 reviews

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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

Average Ratings for Nationwide Child Trust Fund

  • Reviewer Ratings3.7 stars
  • Overall Rating2.8 stars

 

3 Reviews For Nationwide Child Trust Fund

  • Guest 18th Jan 2008

    Reviewer rating: 1.5 stars


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    Good Points: Plenty of High Street branches
    Still Mutual
    Err to early to tell as account details still not sent out!


    Bad Points: Really long waiting times on the phone
    Slow setup period
    Useless product knowledge from phone staff
    Endless call transfers


    General comments: I applied for my daughters Child Trust Fund account in December 07, and shortly afterwards received a letter stating the account was now open and a welcome pack would shortly follow. (15/12/07)

    Come January, we still hadn't received a welcome pack, so I tried calling to see what was the hold up.

    First call they would not speak to me about the account as I did not have the account number (Like my DOB, my address, my daughters DOB wouldn't be enough info)

    Second call my partner made with the account number; they would not speak to her as she was not the person who opened the account, (yet she's my babies mother)

    Third call, I was placed on hold for around 15mins, and when I was finally put through the chap could not answer any questions without placing me on hold again.

    He did explain that the Inland Revenue haven't as yet issued payment, so a welcome pack and account certificate had not been sent.

    I asked when we'd expect to receive the details about the account; he placed me on hold again.

    When he returned, I spoke, yet he could not 'hear' me...
    Called back the forth time Got put through by the computer lady, got put though by a real lady, and finally the last lady gave me a number to ring which was a 9-5 number (This was at 4.58pm)

    I think Im going to give up now and just leave it! See what the postman brings in the next few weeks

    This is not a good sign of things to come for the next 18years! When my daughter finally gets to have her savings!

    I should have chosen a different trust fund account!

    4 calls and still no information!

  • drewzzr 30th Apr 2006

    Reviewer rating: 4.5 stars


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    I see Nationwide as being a well run, still mutual building society which markets itself well and offers a good range of products, excellent value for money and a branch in every town.

    I want my son to develop a relationship with his finances, developing a sense of responsibility for his money and his future. I want good advise on hand as he grows up.

    Making potential high risk, high gain investments flys in the face of what I want for my child. I work hard for my money. I would only consi ...

  • nathan1234 Rank: Lance Corporal 25th Oct 2005

    Reviewer rating: 5 stars


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    Nationwide Child Trust Fund is a very good Child Trust Fund with web access to see how the money grows. The bonus interest rate is a good incentive to get child saving.