Why Save?
The flexible way to save
Is there something your child would love to be when they grow up? A doctor? A footballer? A vet? An astronaut?
Training for a profession has never been more expensive, and the cost of living keeps on increasing, which could make following their dreams harder than ever. So saving for your child's future has never been as important.
An ASDA Child Trust Fund is a great way to save for your child, which is why we work with The Children's Mutual, the UK's leading specialist in children's savings.
The Government currently makes two contributions - one of at least £250 when you register for Child Benefit, and another round about the child's 7th birthday.
Because a Child Trust Fund is all about your child's future, none of the money can be touched until they reach 18. Just before their 18th birthday, your child will be informed of the options open to them.
How to contribute
It couldn't be easier. If you want to set up a Direct Debit, or make a one-off payment, you can do it online, by phone, by post, or at your local bank.
Whenever you want to make a payment you'll need to quote your child's Unique Reference Number (URN) which can be found on your Child Trust Fund Certificate and in the top right hand corner of any letters you receive.
Online
You can set up a Direct Debit or use your Debit Card to make one-off payments to your child's Child Trust Fund.
By phone
Call 0845 900 0920 to make one-off payments or set up Direct Debits for your child's Child Trust Fund. Lines are open Monday to Friday 8am to 8pm and Saturday 9am to 1pm. Calls are recorded for training and security purposes.
At your local bank
You can make one-off payments or set up standing orders from any bank.
The Children's Mutual's bank details are:
Lloyds TSB Bank,
Sort-code: 30-00-02
Account Number: 01912750
Please be sure to enter your child's Unique Reference Number (URN) in the 'Reference Number' box on the paying-in slip.
By cheque
Cheques should be made payable to 'The Children's Mutual for the Account of (your child's name)'.
Please write the URN on the back of the cheque and send it to:
FREEEPOST RLRZ-ZAZZ-GACY,
The Children's Mutual
PO Box 2067
Gloucester
GL4 3YU
- The Childrens Mutual
- Child Trust Fund
See how much your child's ASDA Child Trust Fund could grow by adding to it regularly over 18 years
† This is in addition to government contributions of £250 at start and at age 7. We’ve used 18 years as our example period because the money can’t be taken out,until your child’s 18th birthday. These figures assume growth at the FSA mid-rate of 7%, and annual charges of 1.5% of the account’s value each year. They are only examples and are, therefore, not guaranteed. Your child could get back more or less than this. Do not forget that inflation would reduce what you could buy in the future. For more detailed information about possible returns, please see the Key Features.
- Apply online now for an ASDA Child Trust Fund from ASDA Financial Services
- Request a Pack
- For questions or quotes please call 0845 900 0950
