CTFs could lose young people £300m in a decade

The research, from Which?, found that the average Junior ISA is paying 20% more interest than the average CTF. A Nationwide CTF, for example, pays just 1.1% a year compared with its 3% Junior Isa, which pays 2.1% and a 0.9% first-year bonus. The best CTF rate, of 3% from Yorkshire Building Society, has a 0.7% bonus which disappears after the first year. By contrast, the best Junior Isas are paying 3.02%, with no strings attached. Even if the difference in the annual rate of return between CTFs and Junior Isas is just 0.5% a year, children with CTFs could miss out on more than £300m...