Savings account for child’s future

xylophone

In post 3 above you said that neither of your children had CTF/JISA.

It now appears that at least one of them does.

Read the links in my post above and check the situation with their father.

See also

http://moneytothemasses.com/quick-savings/parents/best-junior-stocks-and-shares-isa

IanSt

Vicki127 wrote: »

I want to start saving now for my children incase they decide hey want to go to university I will have some money set aside for it.

What’s the best savings account for this I don’t want to be able to have easy access to it so I’m not tempted by it.

How old are your children?

If there is 10+ years before they go off then if it were me then I'd look into investing at least some of the money rather than saving. I'd also keep the money in my own name and pass the money across at the time it was needed rather than the whole amount going across to the children when they got to 18.

Vicki127 wrote: »

Invest how? Sorry I have no idea :rotfl:

There are many sites out there that can help you - in my opinion http://monevator.com is a good one to start off with.

Mogley

IanSt wrote: »

If there is 10+ years before they go off then if it were me then I'd look into investing at least some of the money rather than saving. I'd also keep the money in my own name and pass the money across at the time it was needed rather than the whole amount going across to the children when they got to 18.

I do exactly that. I have a Stocks and Shares ISA which I pay into every month with the main purpose of being able to help out my children if they want to go to university. I started two years ago when my eldest was ten.
JISA's are not guaranteed to be used in the way you want on maturity, because the money belongs to your children.