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The Child Trust Fund (CTF) is a savings initiative which has been introduced by the Government to encourage children and their families to save for the future.

esbs offers the following types of CTF Accounts:

  • Cash Savings Account (Non-Stakeholder)


Summary Box

The Information provided is a summary of the key features of the savings account and is not intended to be a substitute for reading the terms and conditions that apply to the account.

What is the Interest Rate?4.60% Gross/4.60% AER (From 21 August 2023)


AER stands for Annual Equivalent Rate.  It illustrates what the interest rate would be if interest was paid and compounded each year.


Interest is calculated daily and is variable.  Interest is compounded annually on the child’s birthday.


See our current interest rates for all savings accounts.

Can esbs change the Interest Rate?We may change interest rates at any time if we reasonably believe the change is needed.  Please refer to Condition 7 – Interest in the Terms and Conditions for esbs Retail Savings Accounts for further details.
What would the estimated balance be after 12 months based on a £1,000 deposit?


The projected balance based on the current interest rate is £1,046.00.

This projection is provided for illustrative purposes only and does not take into account the individual circumstances of the customer.

How do I open and manage my account?



  • Due to Government legislation no new Child Trust Fund Accounts can be opened.  Existing Child Trust Fund Accounts held at other financial institutions may be transferred to esbs following completion of a transfer application form by the registered contact.
  • The annual subscription limit is £9,000.
  • To apply for a Child Trust Fund Account please read the Child Trust Fund Account leaflet to ensure this account is suitable for you.  Please be certain to read the Terms and Conditions for esbs Retail Savings Accounts.
  • If you wish to open an account you can download and print a transfer application form, apply in person in one of our branches or, should you wish for an application form to be sent in the post for you, call our Savings Team on 01455 844422 (Option 1).  Please remember to provide the correct Identification and funds.
  • You can manage your account at our branches or by post.
Can I withdraw money?
  • No withdrawals permitted until the child reaches 18.
Additional Information
  • The child or registered contact may not hold more than one Child Trust Fund for the same child.
  • When the child reaches 18, the account will be transferred into another account with the Society or closed.  If no instructions are received the account will be transferred to another account with the Society which may pay a lower rate of interest.


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