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Savings for teenager
hollydolly14
Posts: 1 Newbie
Need to invest 14year olds inheritence she has £14000 nowhere seems to take that much money. Any suggestions.
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Comments
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Not sure where you've tried that has limits but this investment doesn't
http://www.invtrusts.co.uk/aam.nsf/InvestmentTrusts/investchildren
Bear in mind that this is an investment - your title mentions saving and your post says investing so you need to be sure what you want to do.Remember the saying: if it looks too good to be true it almost certainly is.0 -
Do you mean save or invest?
http://www.nationwide.co.uk/products/savings/smart-limited-access/rates-and-information#tab:Ratesandinformation might suit.
Don't forget R85.
You could use a JISA for £4000 in this tax year and add the JISA allowance in the following tax years to get a slightly better interest rate.
http://www.moneysavingexpert.com/savings/junior-isa
https://www.gov.uk/junior-individual-savings-accounts/overview0
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