Cash Christmas present for your child.
With only few days left before Christmas, parents will spend thousands of shillings on Christmas presents for their kids this Christmas, but a cash gift is likely to prove much more valuable in the long term.
Putting some of this cash into an account for your child is well worth considering. While it may not be as popular as a present under the tree on Christmas morning, a financial gift will certainly be appreciated long after the current must have toys have worn out or consigned to the bin.
Best children’s accounts.
If you do give a cash gift to a child this Christmas, then you want to make sure it is earning as much interest as possible.
Fortunately there are quite a few children’s accounts to choose from which pay competitive returns.
National bank Vision account for example, pays up to 5.5% annual interest and it also comes with added goodies like free banker’s cheque for school fees payments, discount arrangement at various supplies for example Text book centre, Gertrude children’s hospital just but to name a few.
Other banks with attractive interest rate are I&M 4%, Eco-bank 3.5%, Credit bank 3%.
You can compare various youth accounts from different banks and their features at:
http://www.okoadoo.co.ke...amp;id=67&Itemid=80
Merry Christmas everyone.