The best savings accounts for children – how to get value from communion and confirmation windfalls

It’s hard to ignore that most banks reserve their best deposit rates for junior savings account holders

A child’s communion or confirmation is a good time to talk to them about money. Photo: Getty

The invites (AKA summons) are stacking up. Not for summer weddings, but the communion and confirmation parties, which can be almost as expensive.

Surveys reveal that €50 is considered the average gift for nieces, nephews or godchildren while €20 or €30 will suffice for friends’ kids.

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