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Child Savings

Hi, me and the wife have just had our first baby 2 weeks ago and we've been scrawling through various web sites about where to invest money in the little ones future. We want to put a small amount of money each month into an account but we don't know what type of account to put it in! Also, the father in law wants us to open an account for the little one where he can just put in a small amount when he's feeling flush! :confused:
everybody tries to understand art, why not try to understand the song of a bird - pablo picasso

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  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    beedmcfc wrote: »
    Hi, me and the wife have just had our first baby 2 weeks ago and we've been scrawling through various web sites about where to invest money in the little ones future. We want to put a small amount of money each month into an account but we don't know what type of account to put it in! Also, the father in law wants us to open an account for the little one where he can just put in a small amount when he's feeling flush! :confused:

    Are you not aware of the childtrustfund?
    http://www.childtrustfund.gov.uk/
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • beedmcfc
    beedmcfc Posts: 55 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    not aware of it but it is our first child! Will have a look now
    everybody tries to understand art, why not try to understand the song of a bird - pablo picasso
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