National Savings and Investments: Child Trust Fund
(asked on 6th October 2017) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, for what reasons National Savings and Investments is closing applications to new customers for its five-year children's bonds.
This question was answered on 16th October 2017
Children’s Bonds no longer meet the needs of NS&I’s customers. The Junior ISA, with its online access, higher investment limit and the option to migrate to an adult ISA at 18, better meets the needs of child savers today.
NS&I customers who currently hold Children’s Bonds are unaffected and can continue to hold the product until it matures.