Please note that this account is only available to children who live within the Borough of Merthyr Tydfil, or are children of existing members.
The Child Trust Fund is a long-term savings and investment account where your child (and no-one else) can withdraw the money when they turn 18.
What are the benefits?
Although the Child Trust Fund has now been discontinued, you can still transfer existing accounts to the credit union and can continue to add money to this fund. Please contact the office for help and advice on how to transfer an existing Child Trust Fund to us.
How can I add to the Child Trust Fund?
You can pay additional savings into a CTF by any of the payment methods we offer: we can even split the amount coming in between various accounts held
Deposit can be made regularly or as one off payments. If you make regular payments to the Credit Union via payroll, benefits or standing order, we can split the amounts between various accounts.
Where is my Child's CTF Fund?
If you are not sure where the Child Trust Fund is being held please visit HMRC website and complete the on-line enquiry form.
For all new CTF accounts opened the young saver will receive a FREE piggy bank!