Children's savings for university

Speculator

Alexland said:

If the money will be spent in less than the next 5 years any investment in S&S is a gamble as it's not certain you will get back as much as you invest. S&S investments are intended for at least the medium term preferably much longer to balance out the ups and downs of the market. Consider going for the best rate Cash Junior ISA such as Coventry BS at 2.95% if you trust them to have access to the money from age 18.

It's what I have done. One daughter will turn 18 in 5 yrs and the other in 7 yrs time  
I've transferred both CTF to Coventry and added another 9K into each account this tax year.
Only problem with Coventry is you can't view the account online. I have to send a secure message via online banking to check balance etc.

Steve182

Speculator said:

Alexland said:

If the money will be spent in less than the next 5 years any investment in S&S is a gamble as it's not certain you will get back as much as you invest. S&S investments are intended for at least the medium term preferably much longer to balance out the ups and downs of the market. Consider going for the best rate Cash Junior ISA such as Coventry BS at 2.95% if you trust them to have access to the money from age 18.

It's what I have done. One daughter will turn 18 in 5 yrs and the other in 7 yrs time  
I've transferred both CTF to Coventry and added another 9K into each account this tax year.
Only problem with Coventry is you can't view the account online. I have to send a secure message via online banking to check balance etc.

I'm sure even Coventry will enter 21st centaury soon, so even there you should be able to do very basic things online 

xylophone

I'm sure even Coventry will enter 21st centaury soon, 

https://www.wildlifetrusts.org/wildlife-explorer/wildflowers/common-centaury

Soothing the fevered brow?