Asda offers Child Trust Fund incentive

Asda offers Child Trust Fund incentive

Asda Financial Services is offering parents-to-be an incentive to pre-register for the Asda Child Trust Fund.

The supermarket’s banking division is giving away money off vouchers for 12 Asda products and a free Family Money Guide to families who pre-register online.

Claiming the freebies does not obligate parents to stay with Asda for the trust fund.

However, those who do choose to open a trust fund with Asda will receive a A?5 gift voucher, or A?25 cash if they set up a direct debit for at least A?10 per month.

Recent research by The Children’s Mutual – which provides Asda’s trust fund – found that a parent investing a current average of A?24 per month in the trust fund would end up giving their child a lump sum of A?9,750 when he or she turns 18.

There are currently over four million child trust fund accounts in operation.

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