You could arrange a standing order to move some or all of the Child Benefit payment into a separate savings account after it arrives. Options may include a child savings account, a credit union account or another regulated savings product, but compare access rules, charges and whether interest is taxable. Keeping the money in the child’s name can have different legal and tax implications from saving it in your own name, so check the account terms and Revenue guidance. Rules and rates can change; Citizens Information or a qualified adviser can help you assess what suits your circumstances.