Top Junior ISAs guide: discussion

reg091

And you found this information where?

Nothing on their website that I can find and as it is a variable rate JISA then I wouldn't expect them to keep it going and introduce a new one, why would they?

Bernard_Coleslaw

reg091 said:

And you found this information where?

Nothing on their website that I can find and as it is a variable rate JISA then I wouldn't expect them to keep it going and introduce a new one, why would they?

It's on the list here: https://www.coventrybuildingsociety.co.uk/consumer/savings-accounts/closed-accounts/childrens-accounts.html

Perhaps they have kept it going for existing accountholders to stop people being annoyed and posting on MSE? Who knows?

reg091

Thanks @Bernard_Coleslaw

WeggieUK

I am a little out of the loop. There are only 4 JISA's listed on MSE at the moment, what have I missed? 

refluxer

WeggieUK said:

I am a little out of the loop. There are only 4 JISA's listed on MSE at the moment, what have I missed? 

You haven't missed anything - those are the top 4 Junior ISAs available at the moment 

MSE just deal with the best rates - if you want a more complete list, you could try a site like moneyfacts...

https://moneyfacts.co.uk/isa/junior-isas/#?quick-links-first=false

ticklemeellen

Is a stocks and shares junior ISA a very bad idea? There is only top 4 cash ISAs listed

eskbanker

ticklemeellen said:

Is a stocks and shares junior ISA a very bad idea? There is only top 4 cash ISAs listed

MSE doesn't collate and publish full market listings, and just shows a small number of the best buys, so don't let that influence you!

As to the fundamental decision of cash v S&S JISA, the main factor is the age of the child - if very young then S&S is highly likely to outperform cash in the 15+ years to maturity, whereas conversely a child of, say, 15 would probably benefit more from a cash one rather than subjecting the money to the fluctuations of investing over the short term.

[Deleted User]

I've been invested in a L&G junior s&s isa for my daughter approx 6 months after she was born, always thought it was looking ok but recently after L&G sold it over to Fidelity its been dropping in value since the end of last year. I'm actually starting to get concerned and I'll be looking to speak to someone at Fidelity this week for some re-assurance, yep it could be the market downturn but I'm still looking for re-assurance from them...

cloud_dog

Deleted_User said:

I've been invested in a L&G junior s&s isa for my daughter approx 6 months after she was born, always thought it was looking ok but recently after L&G sold it over to Fidelity its been dropping in value since the end of last year. I'm actually starting to get concerned and I'll be looking to speak to someone at Fidelity this week for some re-assurance, yep it could be the market downturn but I'm still looking for re-assurance from them...

Depending on the age of your daughter, e.g. first couple of years of life, and if you are investing monthly, then you really should be grateful for the drop in prices in order that you can keep investing monthly at cheaper prices.  In fact it would probably benefit your daughter for the markets to remain low / go lower for a number of years before continuing to grow again.  It is the psychology of investing which causes people to make bad decisions (sell when investments fall / are low).

Obviously, if your daughter only has a couple of years to go before age 18 then the situation might be more concerning for you.

duckson

Anyone moved a Junior S&S ISA to a Junior Cash ISA?

Enquired about moving to Tesco to which  they said a transfer would have to be from a Cash ISA but Vanguard don’t obviously do Cash ISA’s!

(S&S ISA is 99% in cash).