trying up money for two years?

Prudent

I am after advice about a smallish amount of money I have saved for my daughter. I have made a small monthly saving for my daughter for a number of years and now have a bond that has matured and is worth £3200.

I want to place the money in a fixed term account for another year or two. As she is not a tax payer it would now make sense to put the money into my daughter's name. I am worried she may be tempted to touch it (money intended for uni), so I am looking for a bond that doesn't allow withdrawals within a one or two year period. Any suggestions?

Baldur

See:

http://www.moneyfacts.co.uk/money/savings/1/short-term-fixed-rate-bonds.aspx

AND

http://www.moneyfacts.co.uk/money/savings/2/medium-term-fixed-rate-bonds.aspx

Be aware that at least some of these accounts state a minimum age of 18 for applicants.

Lokolo

http://www.thechelsea.co.uk/savings/invest_fixedrate_st_na_intro.html

Fixed until March 2010. Not quite a year or anything.

You don't really want to fix for more than a year in these times though.

Prudent

Thank you both. My daughter is only 17 just now, so I may have to keep the money in my name for a bit longer.