Child Premium Bonds

Babyalmie

My children’s grandparents bought our children some premium bonds as a gift and an “investment”. I am the guardian on the accounts. Looking at the recent announcements regarding the change in prizes etc it is obvious that these are not necessarily the best place for the money but the grandparents are very old fashioned and think Premium Bonds are fantastic. Should I negotiate with them to move the investments elsewhere or just see this as a safe lump sum for my children even though the returns would be better elsewhere? I should say we are very  grateful for the money their grandparents have invested and as my children are quite young, they don’t have a view. 

xylophone

Had you thought of JISA?
https://www.thisismoney.co.uk/money/saving/article-1583863/Best-savings-rates-Junior-Isas-children-s-accounts.html
https://moneytothemasses.com/quick-savings/parents/best-junior-stocks-and-shares-isa

dales1

xylophone is absolutely correct, as usual.

But unless Large amounts of money are involved, I would say the difference in return is not worth a fall-out with generous grandparents. It is their choice, and it's not too bad, and it just might strike a jackpot, who knows !!

For a few extra ££ of return, I wouldn't worry one jot. Just be grateful.

Dales.