Moneynet in The Press

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The information in this article was correct at the time of publication and contains time sensitive data and links, it may not be accurate at the time of reading.

families at a loss over child trust fund confusion

Published: 23/08/2009

The Observer (Business and Media)
A quarter of new parents have failed to open a child trust fund more than four years after their launch.

 

According to the Moneynet.co.uk price comparison site, the average interest rate on cash CTF’s has fallen from 6.46% in January of last year to 2.38%, but spokesman Andrew Hagger stresses they “remain an ideal home for your child’s nest egg if you feel uncomfortable investing in a volatile stockmarket.”
 

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Last Updated: 11-02-2012