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CTF investors opting for cash

Over 70 per cent of Child trust fund vouchers accounts opened are invested in cash, according to the Building Societies Association.
Since launch, the eight BSA members offering cash and stakeholder options have opened around 270,000 CTF accounts with 70 per cent opting for cash.
Net receipts of over 12m were taken into cash accounts in June alone bringing the total placed in cash accounts to 51m.

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