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  • FIRST POST
    • neneromanova
    • By neneromanova 21st Sep 16, 8:01 AM
    • 2,837Posts
    • 6,777Thanks
    neneromanova
    Childrens CTF's and ISA's
    • #1
    • 21st Sep 16, 8:01 AM
    Childrens CTF's and ISA's 21st Sep 16 at 8:01 AM
    I was just wondering if anyone knew if I was able to move Child CTF and ISA's into premium bonds at all?

    I've tried looking online but can't find anything, unless I'm being blind.

    Thanks
    DD1 Born 31st March 2008
    DD2 Born 29th August 2010
    DS1 Born 28th October 2013
    Got Married 15th September 2012 Now Mrs Clark


Page 1
    • Reaper
    • By Reaper 21st Sep 16, 8:39 AM
    • 5,910 Posts
    • 3,908 Thanks
    Reaper
    • #2
    • 21st Sep 16, 8:39 AM
    • #2
    • 21st Sep 16, 8:39 AM
    No you can't, and even if you could it would be a poor choice of investment. You can get cash JISA that pay out far more.
    • neneromanova
    • By neneromanova 21st Sep 16, 9:17 AM
    • 2,837 Posts
    • 6,777 Thanks
    neneromanova
    • #3
    • 21st Sep 16, 9:17 AM
    • #3
    • 21st Sep 16, 9:17 AM
    Can you please advise me which ones are better? Thanks.
    DD1 Born 31st March 2008
    DD2 Born 29th August 2010
    DS1 Born 28th October 2013
    Got Married 15th September 2012 Now Mrs Clark


    • Reaper
    • By Reaper 21st Sep 16, 9:21 AM
    • 5,910 Posts
    • 3,908 Thanks
    Reaper
    • #4
    • 21st Sep 16, 9:21 AM
    • #4
    • 21st Sep 16, 9:21 AM
    Try MoneySavingExpert!

    Premium Bonds pay about 1.25%
    http://www.moneysavingexpert.com/savings/premium-bonds

    JISAs pay up to 3.25%
    http://www.moneysavingexpert.com/savings/junior-isa

    Or if you have enough to make it worthwhile consider a stocks and shares JISA as long term it should beat a savings account.
    • neneromanova
    • By neneromanova 21st Sep 16, 9:27 AM
    • 2,837 Posts
    • 6,777 Thanks
    neneromanova
    • #5
    • 21st Sep 16, 9:27 AM
    • #5
    • 21st Sep 16, 9:27 AM
    Child premium bonds pay 2.5% fixed for 5 years. whereas the other banks offer a high rate for the first year, then lower it to a stupid percent like my DS currently has.
    DD1 Born 31st March 2008
    DD2 Born 29th August 2010
    DS1 Born 28th October 2013
    Got Married 15th September 2012 Now Mrs Clark


    • xylophone
    • By xylophone 21st Sep 16, 9:46 AM
    • 18,446 Posts
    • 10,364 Thanks
    xylophone
    • #6
    • 21st Sep 16, 9:46 AM
    • #6
    • 21st Sep 16, 9:46 AM
    There is no such thing as a child premium bond.

    I assume that you are thinking of NS&I Children's Bonds- see http://www.nsandi.com/our-products

    If the rate on your child's CTF or ISA is
    a stupid percent
    contact a provider with a better rate and ask for a transfer.

    Coventry Building Society accepts transfers and currently pays 3.25%.
    • jimjames
    • By jimjames 21st Sep 16, 12:16 PM
    • 10,437 Posts
    • 8,424 Thanks
    jimjames
    • #7
    • 21st Sep 16, 12:16 PM
    • #7
    • 21st Sep 16, 12:16 PM
    Can you please advise me which ones are better? Thanks.
    Originally posted by neneromanova
    Depending on the ages of your kids then S&S JISA might be a better option.
    Remember the saying: if it looks too good to be true it almost certainly is.
    • eskbanker
    • By eskbanker 21st Sep 16, 1:10 PM
    • 3,416 Posts
    • 3,031 Thanks
    eskbanker
    • #8
    • 21st Sep 16, 1:10 PM
    • #8
    • 21st Sep 16, 1:10 PM
    Depending on the ages of your kids then S&S JISA might be a better option.
    Originally posted by jimjames
    I'd hazard a guess at 8, 6 and 2 (nearly 3)!
    • bigadaj
    • By bigadaj 21st Sep 16, 6:18 PM
    • 7,383 Posts
    • 4,419 Thanks
    bigadaj
    • #9
    • 21st Sep 16, 6:18 PM
    • #9
    • 21st Sep 16, 6:18 PM
    I'd hazard a guess at 8, 6 and 2 (nearly 3)!
    Originally posted by eskbanker
    Calm down poirot!
    • eskbanker
    • By eskbanker 22nd Sep 16, 12:05 AM
    • 3,416 Posts
    • 3,031 Thanks
    eskbanker
    Calm down poirot!
    Originally posted by bigadaj
    Just exercising the little grey pixels!
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