News Financial Services Limited (Company Number 05891402) registered office 1 London Bridge Street. I am currently with Nationwide, and when I put in my details it says it is unable to register it. Savings accounts will usually give you a better interest rate than a current or basic account. If youre a parent looking for your childs trust fund. We often link to other websites, but we can't be responsible for their content. This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. We are pleased that Mr Burdons account has now been processed and he should receive his funds soon., Original reporting and incisive analysis, direct from the Guardian every morning, 2023 Guardian News & Media Limited or its affiliated companies. The money in a Child Trust Fund can't be withdrawn until the child whose name it's under turns 18. Children got free cash vouchers from the state of up to 250 (or 500 if you were on a low income) to be added to their Child Trust Fund. The scheme changed over time so those born later generally were given less. The fund will: The changes do not affect the product Terms & Conditions. Your loved one might need help with practical tasks like preparing meals, going to the bathroom, and getting around. Commenting on Burdons case, NatWest apologised for the delay, adding: The safety and security of Mr Burdons account is of paramount importance; as a result of this, we required some further documentation, which led to a delay in processing. Withdrawal can often accompany physical symptoms like nausea, vomiting, and diarrhea. I cant get through to the phone lines, I cant get through to any of the services Its becoming absolutely ridiculous now, and I need the money, he says. Your child and/or the registered contact will be contacted prior to your childs 18th birthday outlining the options for your child at age 18, of which one could be the ability to move the investment into an adult ISA. Terminally ill children under the age of 18, are able to remove the money from their CTF early. Money in a CTF will not affect your benefits or tax credits. 3). How Much Is The Average Child Trust Fund UK? - Explained