Baby Bonds

Nici

My daughter is coming up on 6 months old and I really want to set up a baby bond for her so that she will get some money when she is 18 and needs it!
I have looked around at different adverts but other than various offers of high street vouchers or teddy bears they are not forth coming with information about the bond and its security.
Has anyone else set one up? Can anyone recommend an actual company? Are these worth setting up at all?
??? :-/ ???

16011996

if you go to https://www.money-off.co.uk they have some advice on there. (don't know how to post a link to the site, have tried but if it doesn't work, sorry)

16011996

oh my god i did it. ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D

Nici

Thank you, I've requested an information pack from a company that won the Parent Friendly Award with Tommys in 2004. Seems like a good start for a recommendation. I'm afraid most of the information is either so basic you don't know what you are dealing with or so complex it goes right over my head... ???

I'll look forward to some more bedtime reading ;D

16011996

you're welcome, good luck.

Ickle_Steve

These products are endowments and tend to have high charges. Take a look at this article:
http://www.fool.co.uk/news/Comment/2004/c040120d.htm

As an alternative may I suggest taking a look at one of the Investment Trusts available for children such as Jump:
http://www.jumpsavings.com/

Sarahjovi

Did you not invest your £250 Child Trust Fund money, you should have got details when your baby was born. You have so long to invest it, or the Government invest it on your behalf!

http://www.childtrustfund.gov.uk/

If you Google Child Trust Fund, lots of websites come up with options for investing.

Sarah:D

Savvy_Sue

I know this thread was started a LONG time ago, but as it's been revived:

LINKING TO ARTICLES

Hi, Martin’s asked me to post this: There’s an article on the main site you might like to read that gives more information on this subject.

Also there's already a discussion about this, so

MOVING THREADS FOR BETTER RESPONSES

Hi, Martin’s asked me to post this in these circumstances: I’ve asked Board Guides to move threads if they’ll receive a better response elsewhere (please see this rule) so this post/thread has been moved to the Savings and Investment board, where it should get more replies. If you have any questions about this policy please email [EMAIL="abuse@moneysavingexpert.com"]!!!!!![/EMAIL].

Crabman

Hi folks, I've closed this thread as it's almost 4 years old & possibly out of date.

If anyone has questions about Child Trust Funds please follow the article link in Savvy_Sue's post above and click on the discussion thread at the end of the article