Online Access Login

Online Access Register


Join and/or Borrow

Savings and Loans

t: 029 2088 3751 e:

Child Trust Fund

We all want to give our children the best possible start in life.  By opening a Child Trust Fund account with Smart Money Cymru and adding to it regularly, you could help your child buy their first car, pay university fees, or put a deposit on their first house.

What are Child Trust Funds?

The Child Trust Fund (CTF) is a savings account for children and is designed to help your child save from an early age. The government started the savings by giving a £250 or £500 voucher (depending on your financial situation) to each child. The voucher had to be put into a Child Trust Fund and can be topped up by parents, family and friends to a maximum of £1,200 a year. The money can only be taken out by the child when they reach the age of 18. As these vouchers are no longer provided you can only transfer a current fund from one provider to another. 

Who would have received a CTF voucher?

Any child born on or after the 1st of September 2002, living in the UK and registered to receive child benefit would automatically receive a CTF voucher. The CTF will not affect any benefits or child tax credits you receive.

Are there different types of CTF's?

Yes, there are three types of CTFs.

  1. Cash Child Trust Fund Account.(This is a long term, risk free account so when your child reaches the age of 18 they will be guaranteed to receive the amount that has been paid into the account plus any interest.)
  2. Stakeholder Child Trust Fund
  3. Non stakeholder Child Trust Fund

(These are investment accounts and their value can go up or down depending on how the stock market performs, which means that they are more risky)

Smart Money Cymru Child Trust Fund

We at Smart Money Cymru offer the cash only child trust fund which currently attracts a rate of 3%

Benefits of our Trust Fund Account are:-

  1. No set up or closure costs
  2. No minimum contributions
  3. A number of easy ways to make regular or one off deposits
  4. Safe and local place to save  

How can I open a CTF with Smart Money Cymru?

You will need to complete a Transfer In form along with a Junior Membership Application Form. These are both available in downloadable forms.


Smart Money Cymru Credit Union Ltd, 64-66 Cardiff Road Caerphilly CF83 1JQ Telephone 029 2088 3751
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority 213370, FCA register no: 163C.

fscs cu cymru