Children’s savings account

kittyboo18

Hi

I want to start saving for my child - around £120 a month and will be doing this until they are 16/18 (budget allowing!) .

Where is the best place to do this? Just a normal children’s account or is there something I can do that will mature when they are 18?

Thank you x

Marvel1

I would say posting this in Savings and Investments is better: https://forums.moneysavingexpert.com/forumdisplay.php?f=17

Pollycat

There's also a Savings & Investment section on the main site.

peachyprice

My children all had/have this account

https://www.harpendenbs.co.uk/savings/personal-accounts/18-club

dondo

We have Halifax ones for our kids as they pay the best rates. That said we have had a few issues over the years and if it wasn't offering the best rate we'd probably move. Nationwide look good too.

mrsjanebanbury2009

Find the best possible rate you can at the moment; but keep a close eye on rates and move the money as often as you need to to get the best rate. There are often one-year fixed rates (e.g. First Direct do one) which are really good; it's worth putting some of the money into one of those then moving it somewhere else. We did this for both our kids and I saw it as a bit of a game as well as an excellent long term investment.