We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Kids savings account advice
MaverickF14
Posts: 1 Newbie
I currently have a Kids Regular saver account for my daughter which I opened when she was born in February 2018 saving £80 per month. The interest rate was fixed at 4.5% for 12 months after which it moves to a different rate of less than 1%.
Can anyone advise what the best option is for me to do in February 2019 I.e is there another account out there offering a similar interest rate for 12 months that I can simply switch to and keep saving as I am or do I need to just accept a lower interest rate. I’m happy for a fixed rate for a fixed term as I won’t need access to this money just don’t know how to get the best interest rate for my daughters money. Thanks
Can anyone advise what the best option is for me to do in February 2019 I.e is there another account out there offering a similar interest rate for 12 months that I can simply switch to and keep saving as I am or do I need to just accept a lower interest rate. I’m happy for a fixed rate for a fixed term as I won’t need access to this money just don’t know how to get the best interest rate for my daughters money. Thanks
0
Comments
-
I have the same for mine, every year I transfer the for me £1237 (approx) into their Junior Isas also with Halifax. 3% I believe.If you want to be rich, never, ever have kids
0 -
Does your child have Junior ISA?
Best rate currently offered by Coventry BS.
Have you seen this?
https://www.nationwide.co.uk/products/savings/future-saver/features-and-benefits0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards