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The best child trust funds

Hi all,

First off, i'd like to apologise to the mods because this is a repeat question from another thread.

I was wondering what the opinion is on the best child trust fund savings accounts and which bank, building society ect. offers the least risk

I've decided to move my daughters fund from the Childrens Mutual into a more safer and secure savings account.
I have to do the same for my nephew as i have custody and now raise him as one of my own children. He has had a savings account made on his behalf and he has just over £1000 to put away.
I've had a look at the options and found that i won't be able to transfer the funds of my daughter into a savings account of my choosing like i would if i was to walk down the high street. However, i am able to do that with my nephews money and this is where i'm apprehensive.
I've looked around at the different savings accounts available and with all the troubles that the bank has, i've looked the most towards the high interest account available from the Halifax. The link is below.
http://www.moneyfacts.co.uk/money/sa....aspx?TabID=14

What do you guy's think would be the best for both of them?

Comments

  • dunstonh
    dunstonh Posts: 119,847 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I've decided to move my daughters fund from the Childrens Mutual into a more safer and secure savings account.

    Just at the time that its probably better to go into one.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Jimmyc
    Jimmyc Posts: 171 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Halifax looks a great offer evan if its only guaranteed for 12 months
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