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Child Saving

I have a cheque payable to my 6mth old daughter as a gift from her uncle.

Where is the best place to put it?????

I have seen the different childrens saving accounts but most ask for monthly payments. I just want to open an account with a one off payment.

Comments

  • Markie11
    Markie11 Posts: 131 Forumite
    Part of the Furniture Combo Breaker
    We put our Daughter's money into the Northern Rock Little Rock account (now with Virgin). The rate was decent, about 3%, though down to 2% now. So I'm interested to find out other people's responses to see what is best.
  • xylophone
    xylophone Posts: 45,909 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 12 April 2013 at 12:34PM
    I have a cheque payable to my 6mth old daughter as a gift from her uncle.

    £5? £5000? To be held in bare trust until she is 18? To go into an account to which she can have access from the age of 7?

    Are you considering a JISA? etc etc
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