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The difference between Child Trust Funds and Junior ISAs

3 December 2013 Last updated at 16:50 GMT

There are hopes the Chancellor will announce changes to Child Trust Funds which were automatically created by the government for children born between 1 September 2002 and 2 January 2011.

Although the accounts are tax free, many complain that interest rates are poor and they cannot transfer the money to other schemes, such as the replacement Junior ISAs .

Editor of comparison website Moneyfacts.co.uk Sylvia Waycot told BBC Breakfast the "big difference" in rates was unfair which could deter young people from saving in the future.

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