saving for grandchildren

make_life_easier

I want to open a halifax regular fixed saver for my grandchildren, when I am filling in the application form it says -

Do you wish to apply for account with a second trustee?

What does this mean?

Any help much appriciated

make_life_easier

opps have put this on wrong forum and don't know how to move it :mad:

Pink.

Hi make life easier,

I'll move it across for you. Which board did you want it posted on? Savings & Investments or Budgeting & Bank Accounts ?

Pink

wornoutmumoftwo

I think second trustee just means you can name someone else to have access to the account.

make_life_easier

Hi Pink-winged, i meant to post it on savings and investments

Thank you

Pink.

No problem, I'll move it now.

Pink

ses6jwg

Remember to fill in an R85 as well

Reaper

The child is the beneficiary but when they are too young to operate the account themselves it is done on their behalf by trustees. That could be you, the parents or whoever you choose. Either 1 or 2 people in the case of Halifax.