The child trust fund is now eligible for transfer to a Junior Isa and I have been scouring the market for attractive rates & new product offers for my children's accounts that I wish to transfer, Will Tesco be offering any incentive in future for these products in addition to the rates?
Hi frogswife, thanks for your comment and feedback. Our Junior ISA offers a 3% interest rate. We don’t currently offer any further incentives in addition to our rate. The transfer of your child trust fund to a Junior ISA is at the discretion of the bank where your Junior ISA is held, and at the moment, we don’t accept these transfers. However, we do review our products and services regularly to ensure we are meeting the needs of our customers.
*Mod Edit - please be aware interest rate is now 2.25%.
Thanks for all the information, this gives me much to consider, I wasn't aware for instance that transfers were at banks discretion and I will now look into this further. Thank you.
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EmployeeVerified AnswerHi frogswife, thanks for your comment and feedback. Our Junior ISA offers a 3% interest rate. We don’t currently offer any further incentives in addition to our rate. The transfer of your child trust fund to a Junior ISA is at the discretion of the bank where your Junior ISA is held, and at the moment, we don’t accept these transfers. However, we do review our products and services regularly to ensure we are meeting the needs of our customers.
StevenH
