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

As summer celebrations approach, many are faced with the financial expectations of gifting for communions and confirmations. Surveys suggest that the average gift for family members ranges around €50, while friends’ children see a lower average of €20 to €30. These cultural events may place additional financial strain on families as they navigate gifting norms in Ireland, with banks also offering attractive deposit rates aimed at junior accounts, targeting families saving for these events.
Surveys indicate that gifting for communions and confirmations can be costly, with €50 being the average for family and €20-€30 for friends' celebrations.
As various celebrations approach, families find themselves presented with expectations to spend on gifts, emphasizing the financial strains of cultural traditions in Ireland.
Read at Independent
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