Boots/ Mothercare/ TSB Children's Mutual Child Trust Fund (CTF) Reviews

Average Golden EggNest Ratings from  11 reviews and 5 comments (4 out of 5)

Website: www.thechildrensmutual.co.uk
Good Points: Very easy to set up on line. Cards given that can be passed on to family or friends who may wish to invest in the account. Account set up fairly promptly after Government cheque sent in.
Bad Points: Could lose money depending on which fund the monies are invested in but that is the ame problem whichever provider/account you choose.
First reviewed on 27 Aug, 2008 by Sophie
I chose the Children's Mutual CTF having looked at the performance of various accounts on the My Egg Nest website. The process of selecting a CTF was a complete minefield but the My Egg Nest website was very useful. I then opened the account online which was very handy. I decided to set up a Direct Debit into the account because £30 Mothercare vouchers were being offered as an incentive. These were received in the post without having to be chased which was good. Once the account was set up the relevant paperwork was sent through along with cards which can be handed out to friends and family for them to add money to the account if they wish - I think I might suggest they put money in for Birthday or Christmas. The fact that upto £1200 can be invested each year is good and also that the money cannot be accessed until the child in 18.
Sophie's Golden EggNest Rating (4 out of 5): 

Commented by Craig on 9 September, 2008
I took out a "Baby Bond" with the Children's Mutual (then Tunbridge Wells Equitable Society) when my daughter, Sophie, was born. I did a lot of research into these Bonds, which had performed well in the past compared to the usual Building Society Account. I found helpful articles about this on www.moneysavingexpert.com. I opened the Bond with £500. It was extremely easy to open the Account and I get yearly Statements from them detailing the performance. I have since read negative articles (particularly in the Mail on Sunday Financial Mail) about the way these Bonds are performing (not very well, it seems!) but am leaving things as they are for now. I haven't added any more money to it since but again, may well do so in the future. I would recommend the Children's Mutual from the customer service point of view and that you do know what's happening with your Bond.
Craig's Golden EggNest Rating (3 out of 5):

ADD YOUR REVIEW (and we'll send you a free gift)
ADD YOUR COMMENT
TELL A FRIEND

Website: www.thechildrensmutual.co.uk
Good Points: Environmentally sound product.
Bad Points: It didn't appear to be as well known as the other Baby Bond products - I had to ask the adviser specifically for the Ethical Baby Bond.
First reviewed on 17 Aug, 2008 by Rebecca
There are not many ethical products on the market so it made choosing one a lot easier. I wanted one that was ethical in terms of the environment and impact upon it . This stakeholder product invests in the CIS UK FTSE4Good Tracker Trust which is a fund that only holds shares in companies showing real commitment to the environment and human rights eg, they can't be involved in environmentally or socially damaging activities such as nuclear power or manufacture of weapons. Additionally all CIS UK FTSE4Good licensing revenues go to UNICEF which helps children around the world. It feels important to me to invest in something that does good and is good for the world that my daughter will ultimately inherit. It was easy and quick to set up over the phone and all I had to do was post in the voucher.
Rebecca's Golden EggNest Rating (4 out of 5):   

ADD YOUR REVIEW (and we'll send you a free gift)

ADD YOUR COMMENT

TELL A FRIEND

Website: www.thechildrensmutual.co.uk
Good Points: You can eran more money than you put in. Friends and family can add money The send you vouchers when you increase payment and when you open it. The send statements.
Bad Points: You can loose money depending share prices and the account you choose to have.
First reviewed on 04 Aug, 2008 by Charlene
i chose my child trust fund through lloydstb. They gave me the leaflet to open one with Childrens Mutual. Once you set up a direct debit of a minmum of £10 a month you get £20 worth of boots vouchers. They send you a statement so you know how much you have saved and it also shows you how much your child will get when they reach 18. After you have been with them for so long they send you another letter to increase your diect debit if you do this they then give you nother lot of £20 boots vouchers. Not all places give boots vouchers they give mothercare or other places. You also get cards so you can give them to your family and they can put money for birthday and xmas presents. I think the trust fund is a good idea because when they get to 18 you can encourage them to spend it on uni or getting a car, that way they get the best start when they leave school and college. Also depending on what account you choose to have you could actually earn more money than you put in depending on share prices when your child is 18. But you choose the risk you want to take either low or high. You can put up to a maximum of £1200 a year in to your childs account.
Charlene's Golden EggNest Rating (3 out of 5):    

ADD YOUR REVIEW (and we'll send you a free gift)

ADD YOUR COMMENT

TELL A FRIEND

back to top

ADD YOUR REVIEW (and we'll send you a free gift)

ADD YOUR COMMENT

TELL A FRIEND

ADD YOUR REVIEW (and we'll send you a free gift)

ADD YOUR COMMENT

TELL A FRIEND

Website: www.thechildrensmutual.co.uk
Good Points: Easy to apply for account. Mothercare vouchers for opening account Easy to make additional payments
Bad Points: It is a risk and amount paid in maybe more than final outcome.

back to top

First reviewed on 09 Jul, 2008 by Dawn
I opened this trust fund 2 years ago for my son. The application process was easy and the mothercare vouchers arrived with no hassel.  The account enables other family members to pay in money as they desire, additional payments can be made via post and internet and a direct debit option is available for regular payments.
Statements are received to inform us how account is progressing and receipts are sent when additional payments have been made. There is a risk as the final outcome is not always as positive as what has been paid in however over the 18 year period this will hopefully improve. I will be looking at opening the same account again for my daughter when she is born this month.
Dawn's Golden EggNest Rating (4 out of 5): 

ADD YOUR REVIEW (and we'll send you a free gift)

ADD YOUR COMMENT

TELL A FRIEND

CLICK HERE FOR MORE REVIEWS ON THE CHILDREN'S MUTUAL'S CTF

Bookmark this page

What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the "Bookmark" link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at Wikipedia - Social Bookmarking

MyEggNest's Recommendations Greasypalm.co.uk Boost your children and grandchildren's Child Trust Fund and Children's Savings.  MyEggNest has teamed up with Greasypalm - the UK's first online rewards programme to pay you in cash, to save for your children's future. It is a free savings club which earns cashback on your shopping from hundreds of different shops.   Selected Retailers: Mothercare 2% cashback Funmum 5% cashback Bump To 3 5% cashback Igloo Kids 5% cashback Boots 1.75% cashback Babeecard.com Save hundreds of pounds with online discounts. When you buy your BaBeeCard you’ll become a member of the BaBee Discount Club. This could help you save hundreds of pounds on groceries, fuel and baby essentials and add to your children's child trust fund. Save 5% at ASDA & Sainsbury's Save 8% at Waitrose, Ocado & John Lewis

back to top