UK Money News
14th April 2008
Post Office unveils online management tool for CTFs
The Post Office has launched a new online tool to enable savers with child trust funds (CTFs) to manage their money more easily.
It is claimed that the Online Wizard is the first of its kind and is available to both new and existing customers.
Among the functions offered by the tool is the ability to check the current value of the account and the chance to view up to days summary statements.
Meanwhile, users will also be able to see the projected value of their child's account at age 18 and view by how much the card can be topped up this year.
Richard Norman, head of savings and investments at the Post Office, said: "Despite CTFs launching over three years ago there are still a significant number of parents who do not regularly monitor or top up their child's CTF.
"Online Wizard will make it easier for parents to mange their child's CTF account and monitor the performance of its investments more frequently and potentially save them money in the long term."
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