Ns&i

Squarebobspongepants

Hello and thanks in advance for saving me money, with a little one on the way pennies make pounds and i need to grow up:beer:
Right business - My grandparents set up a PO account for me when i was born and paid in each year on my birthday, i could get this money out (and did!) without too much fuss!
NS&I as they now are have sent me some jargon and now i cant pay in or out as i could before and they want my bank details. Hello!

Sooooooo - where do i go from here i want something oldschool like it was for my little one. I have a daily account and my own savings, so none of that and i cant afford to put in £5K a year. Any Ideas??

You get my jist?! Many Thanks

xylophone

Do you mean that you want a building society passbook account for your child when he arrives?

pqrdef

Your little one will grow up in a different era. S/he will pay for everything by waving a mobile phone at it, and won't understand what anybody would want cash for. Forget the nostalgia trip, you're about to be dragged into the future.

CannySaver_2

Hi

Some practical advice.

Are you saving for the long term future of your child? e.g. to pay for Uni, wedding, house deposit? If so then use a Junior ISA, loads to choose from, including Cash versions: http://www.!!!!!!.uk/free-services/best-buy-savings-accounts/junior-cash-isa/ and also Stocks & Share versions. You or your child will not be able to access the money until they are 18 when they can withdraw it or it will turn into an 'adult' ISA.

Alternatively if you are looking to save on a regular basis and then allow your son or daughter access to it whilst they are growing up then you could use one of these accounts: http://www.!!!!!!.uk/free-services/best-buy-savings-accounts/ (scroll down to get to children's savings).

I'd disagree with some of the others a bit, handling cash is crucial, in my opnion, to youngsters learning how money works and the true meaning of cash i.e. you have to put it into the bank to get it out!

Hope this helps.

The Canny Saver