Nationwide Cash Child Trust Fund Reviews

 

Average Golden EggNest Ratings from 8 reviews and 1 Comments (4 out of 5)

Website: www.nationwide.co.uk
Good Points: universal uk coverage
average returns
Bad Points: local agencies can't open accounts
First reviewed on 13 July, 2008 by Irene
we wanted to pick somewhere that might still be in existence in 18 years time, and we have more trust in Nationwide than some other smaller building societies.
Irene'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.nationwide.co.uk
Good Points: See Below
Bad Points: The length of the que's in the branch to speak to someone.
First reviewed on 25 Aug, 2008 by Amy
The staff have been very helpful right from the start in giving me all of the information about the account, the chance to speak to an advisor about it, help to fill in the forms if required, right through to general queries i have had since opening them. i have received regular communication about the child trust fund and statements. i have an account here for both of my children and wouldnt consider going anywhere else. on the rare occassion that a member of staff couldnt answer my question they have got someone who could. i would highly reccomend nationwide for the childrens trust fund, no problems to report.
Amy's Golden EggNest Rating (5 out of 5): 

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

ADD YOUR COMMENT
TELL A FRIEND

Website: www.nationwide.co.uk
Good Points: Easy to understand and join
Bad Points: TRhe length of the que's in the branch to speak to someone.
First reviewed on 18 Aug, 2008 by Charmain
After much deliberation, we decided to opt for Nationwides Cash CTF. We got most of the initial information we needed from their website and then popped in to the local high street branch to obtain an application pack. The pack contained even more information about the different CTF accounts they provide as well as a simple application form which we posted back to them with the £250 voucher in a prepaid envelope.  A letter was sent in return confirming that an account had been set up and it gave us all the account details, also informing us that a welcome pack would be sent to us within 6 weeks but that if we wanted to start contributing to the account we could do so now. The welcome letter was straightforward and contained all the account particulars. The enclosed information booklet also made easy reading and included some account detail note cards for us to give friends and family should they wish to make a contribution. The booklet answered pretty much all our 'what if' questions and explained everything in ordinary terms.  The reason we chose a Cash CTF was that we wanted a 'safe' savings account and Nationwide offered a good rate (5.50%) plus an additional extra interest bonus if we made contributions amounting to £240 or more a year. Also Nationwide allow you to transfer your money out to an Equity Stakeholder CTF of ANY provider if we wish to do so at a later date.  Overall, it was simple to set up, they are convenient and it gave us all we needed for now.
Charmain'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.nationwide.co.uk
Good Points: Friendly Staff Low risk Quick and easy to set up
Bad Points: Haven't come accross any yet!
First reviewed on 16 Jul, 2008 by Thomas
Having done some research into different trust funds, I decided to go with the Nationwide, mainly becasue of reviews I had read and the fact that you got a higher amount of interest if you paid a minimum of £250 a year into the account. We rung up the Nationwide and they were able to give us an appointment that day. The person we saw explained all of the different options to us and went through the details about the account. Within a week we had received a letter confirming that the account had been opened and that we would receive a welcome pack within 28 days so we were really impressed with the speed in which we were able to get the account open.
Thomas'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.nationwide.co.uk
Good Points: Really helpful staff Easy paperwork to complete
Bad Points: None I can think of
First reviewed on 22 Nov, 2007 by Susisctf 
We chose Nationwide for our Child Trust Fund account because of the simplicity of opening the account and the easy to understand paperwork. Nationwide give you a choice of what level of risk you would like to take with the fund, either a simple cash savings fund or a more 'risky' (but not too risky!) equity stakeholder fund. They explain exactly what the difference is and made it easy to make a decision that was best for us. They have a good rate of interest in comparison to the many other providers and give bonuses if you continue to add money to the fund. The staff at the branch were very helpful and did all the paperwork for us so it really was very simple. The paperwork for the funding and confirmation of the account arrived promptly and we are safe in the knowledge the money is already working for our child.
Susisctf'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.nationwide.co.uk
Good Points: Quick and simple to set up, with friendly, knowledgeable staff.Additional interest rate if you put in £250 pa
Bad Points: I am happy with it and have no bad points
First reviewed on 03 Nov, 2007 by Christina
At the time of wondering which CTF to invest in I did some research and decided that the best one for our child was the Nationwide. 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. In addition to this we matched the government's money as so got an enhanced interest rate. I am very happy with the Nationwides 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. You do this by waiting 21 days after your initial confirmation of account letter and then you simply begin investing. I have faith that we have chosen a good investment account for both of our children. We didn't want to take chances with their money by investing in stocks and shares. We just wanted to know they money would grow well and give them more that we had put in. The great thing about the CTF is that no-one can touch it till the child is 18 years old .. so even if money is a bit short for us we know their money will always be there, safely waiting for them.
Christina Golden EggNest Rating (4 out of 5):  

Website:www.nationwide.co.uk
Good Points: Free to start, good interest
Bad Points: Yearly statement
First reviewed on 16 Jun, 2007 by michaelds
My son has a Nationwide CTF account. I pay by direct debit monthly and have never had a problem. Because I pay in, he gets an extra 1% interest a year, which is a bonus on the 5.5% or so we already get. You get a yearly statement which is sent on the childs birthday, detailed of every transaction into the account. You cannot withdraw from the account, only the named account holder can do that when they are 18 years old. The money is guaranteed in this account if yuou choose the Cash CTF, as it is not invested in anything. We went for this option.  I would recommend this account, it is safe, easy to use and the Nationwide have a very good reputation.
Michaelds'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.nationwide.co.uk
Good Points: Rewarded with 1% interest extra a year if you pay in over 240 pounds.
Bad Points: You only get one statement a year
First reviewed on 13 Jun, 2007 by chloeandharry
I straight away decided to go with the Nationwide because of the great service I have always had from them, and this appears to be continuing with my young sons Child Trust Fund. I very much like the fact that the more you contribute means you get a higher percentage interest for the whole of the year. You have to pay in over 240 pounds a year and they reward with 1% extra interest a year, and believe me, that adds up!  You only get one statement a year, which is on the childs birthday, so it can be hard to keep up with the amount in the account. However, you can register the account for online banking, so you can keep track of it that way, or go into the branch and ask for a balance update. This is the only negative point I can think of! The account is fantastic, and I would thoroughly recommend it to anyone who needs a good high interest account for their little one.
Chloeandharry's Golden EggNest Rating (5 out of 5): 

Commented on 21 Jun, 2007: tillyjo
We decided to go with Nationwide for both our sons as wanted a non-stakeholder account. They call it a cash account. There weren't many to choose from but have found the account has been really good. There is a bonus rate if you make additional payments which is great. We applied by requesting an application form online which then.  We get one statement a year but that is fine for us. Some people may find that not enough and want more statements throughout the year. We use the account online and transfer money online which is really easy.  I would recommend this account to anyone because it has a good interest rate and is easy to set up/use.
Tillyjo'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

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 Alternatives to CTFs - Tax-Exempt Savings Plans Did you know there are alternatives to the CTF that offer the same tax-free savings? Tax-Exempt Savings Plans (TESPs) can help you build up a lump sum for your child through small, regular payments. Your fund grows free from any income or capital gains tax, and can be used to save for children of all ages. Click here for more information about TESPs, and specific plans offered by friendly societies.

back to top