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Childrens Bonds and savings
uptomyeyes1984
Posts: 277 Forumite
Good evening all,
I was wondering if anyone knew (save me a phone call) were looking at getting ns&i childrens bonds for my 2 boys. what it is is my nan has decided to give them the money now rather than write it in her will they have £1000 each and we wanted to invest them in bonds my question is she has given them cheques can I use these to open the bonds online (send thm off or post office however it works) or do I need to have the money in my account before i go ahead and do the bonds?
or if anyone knows a better way to invest it please feel free to share. Many Thanks
I was wondering if anyone knew (save me a phone call) were looking at getting ns&i childrens bonds for my 2 boys. what it is is my nan has decided to give them the money now rather than write it in her will they have £1000 each and we wanted to invest them in bonds my question is she has given them cheques can I use these to open the bonds online (send thm off or post office however it works) or do I need to have the money in my account before i go ahead and do the bonds?
or if anyone knows a better way to invest it please feel free to share. Many Thanks
:male: 2 Beautiful Boys :male:
:beer: Not uptomyeyes anymore thanx MSE & friends for all your help:beer:
0
Comments
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CTF/JISA?
https://www.gov.uk/child-trust-funds/overview
If the cheques are drawn in favour of the children you won't be able to pay them into your account?
http://www.nsandi.com/savings-childrens-bonds
The rate is fixed for five years at 2.5% - not brilliant?0 -
Agree with xylophone - at those rates you might be better off with a Child ISA.
RSmile, it makes people wonder what you have been up to.0
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