a little advice

oggy123_2

ok sorry if this has been asked before but i have had a brief look and cant find anything

i am wanting advice on investing £2000 for each of my 2 children one is 18 and one is 12 i would like them to get the money at 21yrs! any ideas on the best accounts

also best advice on getting the best interest on a savers account that you are able to get at your money when you want with a deposit of £10,000

thanks in advance for any suggestions

Liz_the_Whizz

oggy123

For your £10k instant access, the new Bradford & Bingley Internet Saver at 6.4% gross looks good.

http://www.bradford-bingley.co.uk/savings/product/internet-saver.asp

There is a separate thread about it if you want more opinions.

For your kids money, the best rates around are on one year fixed-term bonds. I know your timescale is longer, but you could reassess what to do in a year. Best current rates are near 7% gross (eg Birmingham Midshires @ 6.91%).

http://www.askbm.co.uk/savings/i/fixed/11months/intro.asp

I thought FTBs might go higher still, but with the Northern Rock situation and inflation apparently on the way down, maybe they have peaked.

Should be a nice nest egg for them :A