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 £5 gift voucher, or £25 cash if they set up a direct debit for at least £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 £24 per month in the trust fund would end up giving their child a lump sum of £9,750 when he or she turns 18.
There are currently over four million child trust fund accounts in operation.