best U18 locked in savings

Options
i want to lock £1500 away for my 13 1/2 year old son which will only be accessible to him once he turns 18, who / where would be the best option to lock this in for the next 4 1/2 years?

thank you

Comments

  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Name Dropper First Post First Anniversary Combo Breaker
    Options
    A JISA, probably at Halifax.
  • restless6
    restless6 Posts: 468 Forumite
    First Anniversary Name Dropper Combo Breaker First Post
    Options
    I had my sons savings in a childs savings account with the halifax, but he is coming up to 18 this year and i put it all in a savings account in my name- because- if i gave it him now he would spend it.
    Whereas the intention was for it to help him through uni on a monthly basis!

    So just be careful what your son might do with the money!
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 343.3K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.3K Work, Benefits & Business
  • 608.1K Mortgages, Homes & Bills
  • 173.1K Life & Family
  • 248K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards