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Where to Save Small Lump Sum for Child!
JF77
Posts: 303 Forumite
My DD has been given a small lump sum of £1.5k from a relative who has recenltly passed away.
Their wish is for me to open an account or trust for her where she receives the money when she is older.
The reason is not really to invest the money though a good return would obv be great. The realative is just looking for a way to give her the money when she is older as a gift for her to remember them by.
I don't intent adding anything to the account as we already pay monthly into a CTF for her.
Any advice would be appreciated.
Their wish is for me to open an account or trust for her where she receives the money when she is older.
The reason is not really to invest the money though a good return would obv be great. The realative is just looking for a way to give her the money when she is older as a gift for her to remember them by.
I don't intent adding anything to the account as we already pay monthly into a CTF for her.
Any advice would be appreciated.
Excited for Florida - May 2012 :rotfl: :rotfl: :rotfl:
0
Comments
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Halifax 2 year fixed rate at 4.2%?0
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Halifax Guaranteed Reserve allows accounts in the name of a child with a trustee (often a parent) responsible for looking after the funds.
4.5% for 3 years or 4.1% for 2 years; and then you can review your choices.0
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