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Teenagers are sitting on £400 million in childhood savings they may not know exist.
Around 200,000 Child Trust Funds (CTF) are still waiting to be claimed - with an average of £2,000 in each, figures reveal.
The investment and cash savings accounts were opened for every child born between September 1, 2002, and January 2, 2011.
Up for grabs: Around 200,000 Child Trust Funds are still waiting to be claimed - with an average of £2,000 in each, figures reveal
The Government also put up to £1,000 in each. The funds can be cashed in on the child s 18th birthday.
But since accounts began maturing in September, tracking down the rightful owners is proving a challenge. Industry figures today reveal that only four in ten Child Trust Funds have been claimed so far.