- Published: 16 December 2008
Festive names brings savings joy
As Christmas draws near, children named after the Archangel Gabriel could be celebrating more than stockings and gifts under the tree, as data from
The Children’s Mutual (http://www.thechildrensmutual.co.uk/) reveals they historically receive the largest lump sums of cash into their Child Trust Funds.Child Trust Fund (CTF) provider has analysed its database to look at how children with festive names benefit from gifts into their CTF’s and found that Gabriels receive an annual average in lump sum payments of £162 – almost twice the overall account average.CTF top up of £125. Unfortunately some Ebenezers seem to suffer from association with their Dickensian namesake receiving £5 in lump sum gifts on average.The Children’s Mutual, said: "There is an increasing trend for families to save some of a child’s birthday and Christmas money into their Child Trust Fund account and our customers with festive names are certainly benefiting from this!
Whether your child is named Noel or Noelle, we are urging families with younger children to think about giving a gift that lasts long after the Christmas lights have been switched off."CTF accounts, while Holly and Ivy really do make a fine pair having received £211 between them.Child Trust Fund – if all children were to receive an annual gift of £162 their Child Trust Funds could be worth £5,960 in 18 years’ time."CTF accounts, according to The Children’s Mutual:
The leading
Comparatively, Josephs and Marys receive an average of £122 and £135 respectively, while those named Nicholas, like Father Christmas himself, receive an average of £155. And how could we mention Santa without remembering his most famous steed? Rudolfs get an average
Tony Anderson, Marketing Director at
The research found that children named Joy could have extra reason to be cheerful this Christmas having received an average of £71 in gifts into their
Tony Anderson said: "Lump sums and regular top ups can make a real difference to the potential future value of a
Festive names that receive the greatest value annual gift payments into their
Name Amount Received
Gabriel £162
Nicholas £155
Mary £135
Rudolf £125
Joseph £122
Ivy £119
Robin £118
Holly £92
Robyn £90
Joy £71
