We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Baby bond or Childs Cash ISA
jo29154
Posts: 33 Forumite
I am looking to invest £20 a month for my son age 2 months for when hes 18 should I go for a baby bond or cash isa.
0
Comments
-
'Baby Bond' is a Children's Mutual trademark for their Child Trust Fund product. Your baby doesn't qualify for that specific product as CTFs have been phased out in favour of Junior ISAs, but don't worry, these basically do the same thing.
Junior ISAs come in 'cash'(savings) or 'stocks and shares' (investments) versions. Over an 18 year period, you are looking to grow a pot of money into something larger for the long term, rather than save for an emergency. You should use something linked to stocks and shares, not cash.0 -
https://www.gov.uk/junior-individual-savings-accounts/overview
Best cash offer from Halifax with 'relationship interest" of 6% if parent has own ISA with Halifax.
http://www.halifax.co.uk/isas/
http://www.jisa.org/
http://www.hl.co.uk/investment-services/junior-isa
http://www.cavendishonline.co.uk/investments/buy-junior/0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.8K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.6K Spending & Discounts
- 247.6K Work, Benefits & Business
- 604.6K Mortgages, Homes & Bills
- 178.6K Life & Family
- 262.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards