Savings for my daughters future

xylophone

I did look at them originally but they do not seem to offer any great benefit.

What made you think that?

The Coventry JISA currently offers 3.25%.

There was a time not too long ago when when the Halifax JISA paid 6%.

http://www.thisismoney.co.uk/money/saving/article-2684424/Halifax-chops-rate-popular-best-buy-6-Junior-Isa-savings-account.html

The stocks and shares option would have been available ......

p00hsticks

theshed wrote: »

Really wanted something that would help them along in life, but all options are open.

I'd suggest the best option would be to get them involved in doing the research and making the decision. The sooner they start learning about finance the better.

theshed

Thanks all. The Lifetime ISA is looking best, giving good return with most benefits. I like the idea of having choice of putting toward house or retirement.
The Junior ISA loses out to the 5% available to regular savers, at least in the first year.
Now if I could get the children involved that would be a good idea. Providing they not as indecisive as me !

jimjames

theshed wrote: »

The Junior ISA loses out to the 5% available to regular savers, at least in the first year.

The JISA can have exactly the same investments as the LISA so I'm not sure how it loses out to the regular savers? Obviously you don't get the bonus added but you don't with regular savers either. For 18 year terms you really should be looking at equities not cash

theshed

I may not be understanding it correct, but I thought it was 25% for the LISA at end of term, whether that be house purchase or pension whereas the JISA was 3.25%/an ?
Equities is not something I had considered for the children.