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Birmingham Midshires revises childrens account

Birmingham Midshires has revised its young savers account to make it more accessible to children.

The move was made in response to research carried out by the former building society which revealed that 88 per cent of people believe they picked up their financial habits from their parents.

Under the new conditions, the minimum opening balance has been reduced from £25 to £1 and savers will receive 4 per cent on all balances.

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