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Children's savings accounts not accessible until 18 for £6,600
Nessie888
Posts: 1 Newbie
My child has come into £6,600 through a court winning due to dog bite. It has been summons that I find an account that only he has access to and only at the age of 18. He is going to be 12 in February. Is there such an account?
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Comments
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£4,000 into a JISA this year, and the rest into the same JISA on April 6 next year.0
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Junior ISA? Halifax pays 6% currently but dropping to 4%. Annual limit for those is £4K though I believe.'I want to die peacefully in my sleep, like my father. Not screaming and terrified like his passengers.' (Bob Monkhouse).
Sky? Believe in better.
Note: win, draw or lose (not 'loose' - opposite of tight!)0 -
I have 3 god sons and want to set up savings accounts for them. I'd like them or their parents to be able to make occasional withdrawals eg towards holidays. Would a Junior ISA be suitable? Thanks0
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No because you can't make occasional withdrawals for e.g. holidays, presents, school books. You have to commit the cash until they're old enough to access it.Dennisdenuto wrote: »I have 3 god sons and want to set up savings accounts for them. I'd like them or their parents to be able to make occasional withdrawals eg towards holidays. Would a Junior ISA be suitable? Thanks0 -
http://www.moneysavingexpert.com/savings/child-savings-tax-free
Ask the parents to open an account for each child to which only you contribute.0
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