Where to save for children’s uni fees

louloubelle79

Bumped this post as trying to find best option to pay into for my children’s Uni fees. Children age 7 and 9. I have a Santander mini account for them both; Santander JISA and Vanguard S&S JISA. When the mini account reaches £2000 ( max for 3%) I transfer this into their JISA. I have been doing this past year; is this the best thing to do?.

Have set up ISA with Vanguard in my name to now add to so I have control of the money once they reach 18 also.

Any advice offered?

MallyGirl

My DD is too close to uni now for S&S but I did put the child benefit in a S&S ISA (in my name) for a number of years - until I wanted to use the ISA allowance for myself. Then Halifax cash JISA was offering 6% so the bulk of the money went there - sadly it is down to 3% these days but still not bad. She will get control of it at 18.
DD has a Santander mini 123 at 3% which gives access to a 5% regular saver for £200 pcm. It is her bank account and pocket money goes in here by SO.
Unbeknown to her she also has a Halifax RS at 4.5% on £100 pcm (last year of this as she is 16 now) and a Nationwide FlexOne RS at 3.5% on £100 pcm (can keep going to 23). Quite a lot of the money being cycled through the RS will go to her at 17 for driving lessons/car insurance. Her grandparents gave her £1000 at birth for that purpose and it will be worth around £2250 by then.
I also put £100 in an Orbis JISA to get the £100 bonus - just a bit of fun.