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Savings Accounts for our Next Generation of Savers! Saving can start from the moment a child is born with a Foxley Fund, Child Trust Fund and Young Chorleian Account. Foxley Fund Start your child a savings nest egg with the Foxley Fund, an account aimed at young savers who are unable to benefit from the Child Trust Fund where the potential for growth is substantially higher than any other young savings account. The Foxley Fund is a Trust Fund Account which must be opened by an adult. The account matures on the child's 18th birthday when the money can be used for university, a car or even a deposit on a house. Child Trust Fund (Non Stakeholder) The Child Trust Fund is a savings account designed exclusively for children for whom child benefit has been awarded. The account is tax free and the funds are only available when the child becomes 18 years of age (except as permitted by the CTF Regulations). Children born since 1st September 2002 receive a voucher for £250 minimum from the Government to start their account. Family and friends between them are able to make contributions to the account up to a maximum of £1,200 each subscription year. Equity Child Trust Fund - Stakeholder The Chorley has teamed up with Scottish Friendly to offer the Stakeholder Child Trust Fund. When you take out a Child Trust Fund with Scottish Friendly, you'll be investing in their Managed Growth Fund and like us, they're a mutual organisation, looking after their members - not external shareholders. For more information about the Scottish Friendly Stakeholder Child Trust Fund, pick up a leaflet, request a pack by phoning 0800 9555995 or click here to visit their website. Young Chorleian The Young Chorleian is exclusively for savers aged 0-16 years with a minimum opening balance of just £5. The account must be opened in the name of the young saver but can be opened by parents, guardians or a relative. The Chorley now offers the next steps the 'Chorleian Key' and the 'Chorleian Elite'. Chorleian Key Offering the same terms and conditions and interest rates as the Young Chorleian, The Chorleian Key is specially designed for teens and students aged 16-20 years and is an ideal way to save for that new car, shopping trip, holiday or whatever you want!. Chorleian Elite Available only to existing holders of a Chorleian Key savings account and aged 21-30 years, offering the same terms and conditions and interest rates as the Young Chorleian, the Chorleian Elite is designed for those saving for the future and starting out on their own.
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