Halifax Advertisement Feature

If you’ve got children, it’s natural that you’ll want to give them the best start in life possible. But from day one until the time they finally move into their own place, there’s a whole host of things you’ll need to pay for. At Halifax, our savings accounts help you prepare for what tomorrow may bring for you and your family.

First of all, there are cots, prams and clothes in those memorable early years. Then there are educational costs when they get a little older, whether you’re paying for their schooling or just trying to find the money for those all-important uniforms. And when big kids become young adults, driving lessons, university fees and the deposit on their first home could all crop up. When you consider how much there is to pay for, it’s unsurprising that many households rely on two incomes. When you’re both working hard to support your family, you’ll want to make sure your money is working hard too.

So, with so many options out there for building your savings, which do you choose? Well, you may well find that ISAs are a good place to start, as you don’t pay any tax on the interest you earn. You can save up to £5,340 in a cash ISA during the current tax year (2011/12). In other words, if you and your partner open a cash ISA each, you can save up to £10,680 in total during the year tax free.

The amount of interest will vary depending on the type of cash ISA you go for – and there’s plenty to choose from. A fixed rate of interest will guarantee the type of return you can expect on your money, while the interest on a variable rate cash ISA can go down as well as up. Remember, the favourable tax advantages of ISAs depend on personal circumstances, which like tax rules can change in the future.

Want to earn interest on your savings but need instant access for those little emergencies? Then a Halifax ISA Direct Reward will be right up your street – and you only need £1 to open it.

Of course, you may have already used up your ISA allowance and want to know what else is available. Well, open Halifax’s Web Saver Reward and you can manage your savings entirely online, perfect if you can’t find time in your busy family life to visit your local branch. With the option for unlimited deposits and withdrawals, you can grow your money as quickly or slowly as you’d like.

While no parent can see into the future, you can prepare for what tomorrow brings by saving for your children. Need a little extra help on the road ahead? Then visit Halifax’s website or your local branch to find out more about making your hard-earned money go further.