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Overview

With Children's Bonus Bonds from National Savings and Investments you can invest for your child's future in their own name. All returns on Children's Bonus Bonds are completely tax-free for both child and parent.

Each Bond earns a fixed rate of interest for five years, and on the fifth anniversary a bonus is added. The bonus is fixed when you take out the Bond, so you know when you invest exactly what the Bond will be worth at the end of the term.

At the end of each term, you can leave the Bond earning a new tax-free rate of interest for a further five years, or until the child is 21, when a final bonus is added. And if the child starts work and becomes a taxpayer before cashing in their Bond, it makes no difference, the interest and bonuses remain tax-free.

How to use this service

To apply you will need to request a form from the National Savings and Investments website and return it completed by post.

The link below will take you to the application form page, with links to more details about how the Children's Bonus Bonds works on the left-hand side of the page.

• Apply for a Children's Bonus Bonds Opens new window