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Grandchildren accounts
PamMiller
Posts: 1 Newbie
I am looking for an account for my Grandchildren from 15 years old any suggestions?
0
Comments
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Your grandchildren are both aged fifteen?
Do they have CTF/JISA? You could contribute.
Or this might be suitable
https://uk.virginmoney.com/virgin/savings/learn/childrens-accounts/
Or here
https://www.halifax.co.uk/savings/kids/0 -
Will it be in your name, or theirs?
If the former, try Nationwide Future Saver, and if the latter, go for the FlexOne Current Account (which pays interest) and will stay with them for life (if they want it to).
That is, of course, if they don't already have one. It seems that many of the children's accounts cease to be children's accounts when they turn sixteen.
There are also Premium Bonds, if are looking to keep the money safe, but in the hope that it will reap dividends in the future. NS&I have now reduced the minimum purchase to £25.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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