We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
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
-
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards