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£100 a month to save
Legacy_user
Posts: 0 Newbie
My husband has great faith in my saving abilities. He has persuaded my 20 year old daughter to give me £100 a month to save for her. However, hes under the illusion i can get another savings account that i can get an interest rate of 10% for her.
Now, i have the Halifax regular saver at 7%, also with the Halifax, the childrens account in trust for our son which pays out 10% interest. I also have the new Alliance and Leicester savings account which pays me 10% interest. I am now running out of options as to where to put this £100 a month. I did think of incorporating it with my Halifax regular saver which i am not using to its full capacity but to be honest, if she needs the money then i will have to forfeit my account when i draw the money out.
I cant commit to paying more of her money into the account than the £100 a month as she has a serious shoe addiction to feed plus we are trying to get her set up with a personal pension. Has anyone any ideas as to where i can put this money for the best return for her cause i am at a bit of a loss as to where to put it.
Now, i have the Halifax regular saver at 7%, also with the Halifax, the childrens account in trust for our son which pays out 10% interest. I also have the new Alliance and Leicester savings account which pays me 10% interest. I am now running out of options as to where to put this £100 a month. I did think of incorporating it with my Halifax regular saver which i am not using to its full capacity but to be honest, if she needs the money then i will have to forfeit my account when i draw the money out.
I cant commit to paying more of her money into the account than the £100 a month as she has a serious shoe addiction to feed plus we are trying to get her set up with a personal pension. Has anyone any ideas as to where i can put this money for the best return for her cause i am at a bit of a loss as to where to put it.
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