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Child Savings Advice
ses6jwg
Posts: 5,381 Forumite
Hi all, need some advice on savings for my 2 year old.
She currently has £1000 in a CTF with Leeds Building Society - it is cash-based and currently paying something rubbish like 1%.
She also has around £950 in a Natwest Child Savings account and gets £1.26 in interest each month?
I want to keep two seperate accounts as the CTF is not in my control when she turns 18 and she might turn out to be a right brat! So want one under my control.
Can anyone point me in the way of 2 better accounts? Cash only. Dont mind tying it up, 3 years max if the interest rate is good.
She currently has £1000 in a CTF with Leeds Building Society - it is cash-based and currently paying something rubbish like 1%.
She also has around £950 in a Natwest Child Savings account and gets £1.26 in interest each month?
I want to keep two seperate accounts as the CTF is not in my control when she turns 18 and she might turn out to be a right brat! So want one under my control.
Can anyone point me in the way of 2 better accounts? Cash only. Dont mind tying it up, 3 years max if the interest rate is good.
0
Comments
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Hi ses6jwg
Moneyfacts are a good comparison site for the best accounts currently available.
http://www.moneyfacts.co.uk/money/savings/14/child-trust-fund-savings-accounts.aspxHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
I just had my girls halifax savings books updated yesterday. Previously 10% now 1.1%!! They each have roughly £1,500, so I want to move it ASAP."I did then, what I knew then. And when I knew better, I did better"0
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