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Savings Account for 3yr old?
cookie_monster
Posts: 2,116 Forumite
Hello people, can anyone suggest a good savings account for my 3yr old. Have opened a Halifax Save4it account but it has reached the maximum limit that is allowed in the acount and they won't allow me to add to it, I am considering closing the account and transfering the funds.
Thanks.
Thanks.
I hate migraines.
0
Comments
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Please read the 3,594 other posts on this subject, or even Martin's thread - "Use your child - Best child savings accounts."I'm an Investment Manager. Any comments I make on this board should be not be construed as advice, and are for general information purposes only.0
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Search https://www.moneyfacts.co.uk for a suitable account, if you put in the kind of account you want, withdrawal period etc, it will give you the best rate
HtH
Rich#145 Save £12k in 2016 Challenge: £12,062.62/£12,000.00 Beginning Balance: £5,027.78 CHALLENGE MET
#060 Save £12k in 2017 Challenge: £11,03.70/£12,000.00 Beginning Balance: £12,976.79 Shortfall: £996.30:eek:
This is the secret message.0 -
The maximum is £5k in a Halifax Save4it - although you can have the regular saver - doesn't stop you having both
Be careful on the interest they receive could be taxable over a certain limit(I saw this on one post I read on here)0
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