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FSCS and child accounts

Last post Mon, Oct 13 2008, 6:01 PM by tt lady. 1 replies.
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  •  Mon, Oct 13 2008, 11:30 AM

    FSCS and child accounts

    Reply Quote Spam

    If you have an account held in trust for your child (eg Halifax Children's regular saver/save4it) does the child get a separate £50k guarantee, or does one have to consider it part of the adult's own £50k guarantee?
    • Post Points: 20

  •  Mon, Oct 13 2008, 6:01 PM

    Re: FSCS and child accounts

    Reply Quote Spam
    Depends exactly whose name it is in. If it is in the child's name then they get their own £50k limit but if the account is in your name then it will count as part of your £50k.
    • Post Points: 35