Children's bonds or savings accounts?

Blue_Toby

Please be gentle with me - this is my first time!

We invested £1000 in 4 year bonds for our kids and they have recently matured. We have been tardy in reinvesting the money :doh, but want to rectify this as soon as possible!

Do we:

• Invest the money in another bond again like the one at the Abbey at 4.6% or similar - any suggestions welcome
• Put it in a savings account, like the 5% from the Saffron Waldren society?

I know that the Halifax is offering 10% for regular monthly deposits of up to £100, but we don't want to open a current account and think that we'd do better just dealing with the whole amount now as one chunk.

All suggestions welcome. I will also post this in the Investments forum.

Glad

Hi, Martin’s asked me to post this in these circumstances: I’ve asked Board Guides to move threads if they’ll receive a better response elsewhere(please see this rule) so this post/thread has been moved to another board, where it should get more replies. If you have any questions about this policy please email [email="abuse@moneysavingexpert.com"]abuse@moneysavingexpert.com[/email].