Child trust finds are changing the "nation's savings habit", says The Children's Mutual.
Around 84 per cent of eligible children now have a child trust fund savings account.
The figures also show that 75 per cent of 'first-wave' parents who received a child trust fund voucher placed them in an investment account before they expired.
David White, chief executive of The Children's Mutual, said that the latest figures were good news for the future of Britain's children.
"One of the great successes of the child trust fund to date is the number of children who now have a shares-based investment in their name.
"We urge any family making a choice for their child to seriously consider the implications of their child trust fund account choice."
Mr White also commented that since the inception of the child trust fund twice as many parents are organising long-term savings for their youngsters and more relatives are depositing lump-sum payments into the savings accounts.
Allowing for an initial government contribution of £250 and a further £250 at age seven, a child could receive around £9,483 when they reach 18, according to Mr White.
The Children's Trust fund recently announced that around 80.5 per cent of child trust fund vouchers were placed in equities investments since the scheme started in April 2005.
CTF changing Britain's savings habit, experts say
CTF changing Britain's savings habit, experts say
Thu, 01 Jun 2006
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