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Should I cash in Children's NS&I bonds and move to an Is?

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cook466

cook466 Posts: 10 Forumite

24 March 2015 at 6:41PM in Savings & investments

My child has been given several NS &I childrens bonds over the years. Should I cash them in for her and put into a junior isa? Need to do it quickly obviously. I lose some interest on them but it works out as pence? I don't know if I could do it in time for this years allowance?

Thanks

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Comments

xylophone Posts: 45,615 Forumite

24 March 2015 at 7:13PM

Does your child have a CTF?

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cook466 Posts: 10 Forumite

24 March 2015 at 7:17PM

No-she was born a few months before they started.

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xylophone Posts: 45,615 Forumite

24 March 2015 at 7:58PM

Then she is eligible for a JISA.

https://www.gov.uk/junior-individual-savings-accounts/overview

http://www.moneysavingexpert.com/savings/junior-isa

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