Natwest Child Trust Fund (CTF) Reviews

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

Website: www.natwest.com
Good Points: Fast Customer Service
Bad Points: a Non-stakeholder Savings account for the CTF is not available
First reviewed on 03 June, 2008 by Amit
I opened a CTF and a deposit account called Young Saver for my daughter. I already bank with Natwest, so it was a obvious to also open her the CTF and Young Saver account there.  The good points were that for the deposit account I could do it over the internet in about 5-10 minutes. Once entered, I waited for a response which came back in about 4 business days later. I took the forms that I received in the mail, signed them and brought my daughter's birth certificate to a branch which they made a photocopy and basically it was open there and then. Don't forget to sign a R85 form to be exempted from taxes on interest that the account generates. It doesn't matter if you work, the account is still interest tax exempt because your child is exempted.   For the CTF it was quite different, I had to mail it in with the CTF Voucher and it took about 2 weeks. The bad point that I had with the CTF at Natwest was that my wife and I would have prefered to put it in a Non-Stakeholder SAVINGS account instead of a Stakeholder Shares account. Unfortunately Its not offered at Natwest. I don't know why? They just don't offer it.  In any case you get vouchers/coupons back from Natwest when you do open the CTF and if you do a minimum £10/month direct debit into the CTF you get another booklet of £250 worth of coupon/voucher as well as a Piggy Bank for free.
Amit 's Golden EggNest Rating (4 out of 5): 

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Website: www.natwest.com
Good Points: form was straight forward
Bad Points: Non so far
First reviewed on 13 Jan, 2008 by Wanitbad
When I first started looking around for a ctf I found it really daunting, I had never really understood them before so once I'd got to grips with what its all about I had the awful task of picking the right one!! I checked out lots of them at various places (seems everyone does them when you look) I settled for one with natwest as I have banked with them for years, I thought this would be the best option, when I asked in branch about it I was thrust a booklet and told all the information I needed was inside, It was really easy to fill in, just the basics not the ins & out of everything as i had imagined, I sent it off & then forgot about it as you do, I have since been contacted to confirm they have set it up & I have received one statement, so far Im happy with it although to be fair its only been open about 6 months!! I wish I had known about this site earlier it would have been alot easier to choose the right one for me.
Wanitbad's Golden EggNest Rating (5 out of 5): 

Commented on 24 March, 2008: Payal
We received so many offers from banks and building societies to open the CTF with them. I did some research and decided that the best one for our child was the Natwest. The things I liked about the CTF was you had a choice of investing in a cash fund or investing in stocks and shares one. We chose the cash fund. I am very happy with the Natwest customer service. They were quick and efficient and wrote clear letter to us so we couldn't get confused. Once you have opened your child's account you can add extra money into their account.I am sure that we have chosen a good investment account my daughter.
Payal's Golden EggNest Rating (5 out of 5): 

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Website:: www.natwest.com
Good Points: Easy to understand
Bad Points: Free gift not worth it 
First reviewed on 15 Jul, 2007 by Aligreen
When I was deciding on the best child tax fund to use to invest my daughters money I decided to go with Natwest (stakeholder child trust fund) as they were giving what seemed to be the best incentive - a book of vouchers worth £250 (£500 if you set up a monthly direct debit). I was very disapointed when i reveived the vouchers and didnt actually use any of them. I did set up the monthly direct debit and have had the fund for 2 years now. The annual statements are easy to understand and from the looks of it her investment is doing very well. I have spoken to Natwest on the phone about this and they were very informative and helpful.
Aligreen's Golden EggNest Rating (3 out of 5):   

Commented on 12 Sep, 2007: mumbenjakie
Disappointed to discover that the Natwest stakeholder (child trust fund) account has been the poorest performing stakeholder account since CTFs were introduced. I was initially attracted by the discount vouchers offered but had to chase these up, as they had not arrived several months after opening the CTF. Would not recommend.
Mumbenjakie's Golden EggNest Rating (1 out of 5): 

Commented on 05 Oct, 2007: ewingoil
When we were looking for a child Trust Fund for our girls, we looked at several options. We decided to go with Natwest (child trust fund) as we bank with them, and it was so easy to apply, just fill out a form and pop it straight back it the post. We heard back very quickly, with all the information, and details about the 7 day cooling off period. The service seemed extremely quick and efficient. The annual statements, seem to be quite easy to understand, well as easy as documents from the bank are to understand, and seem to be doing okay so far in terms of investment.
Ewingoil 's Golden EggNest Rating (3 out of 5):

Commented on 21 Nov, 2007 by Lisa
When i recieved information regarding the Child trust fund and the £250 voucher i wanted to do this as hassle free as possible with it being my first child i just wanted to go for the easy option. As i banked with Natwest i assumed this would be the best option,, The form was easy to fill in and i was informed the account was set up efficiently. However, when trying to add extra money to the account on my childs birthday in addition to the direct debits, this was more of a hassle as i had to phone or one spokesperson said if i want to pay extra i have to do this in writing and post a cheque. It was a lot of hassle and the phone calls were not cheap. The free vouchers are not worth it either. I wish i shopped around more and spent more time on it as you do have a year to invest your cheque. 
Lisa's Golden EggNest Rating (3 out of 5): 

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Website: www.natwest.com
Good Points: Quick Service
Bad Points: Only possible to apply throughout the post, not within a branch. The book of vouchers that they give was pretty worthless.
First reviewed on 07 Jul, 2007 by Jodie
When I was deciding on the best child tax fund to use to invest my daughters money I decided to go with Natwest (stakeholder child trust fund) as they were giving what seemed to be the best incentive - a book of vouchers worth £250 (£500 if you set up a monthly direct debit). I was very disapointed when i reveived the vouchers and didnt actually use any of them. I did set up the monthly direct debit and have had the fund for 2 years now. The annual statements are easy to understand and from the looks of it her investment is doing very well. I have spoken to Natwest on the phone about this and they were very informative and helpful.
Jodie's Golden EggNest Rating (3 out of 5):

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