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Children's savings for university
Comments
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It's what I have done. One daughter will turn 18 in 5 yrs and the other in 7 yrs timeAlexland 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.
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.0 -
I'm sure even Coventry will enter 21st centaury soon, so even there you should be able to do very basic things onlineSpeculator said:
It's what I have done. One daughter will turn 18 in 5 yrs and the other in 7 yrs timeAlexland 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.
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.
“Like a bunch of cod fishermen after all the cod’s been overfished, they don’t catch a lot of cod, but they keep on fishing in the same waters. That’s what’s happened to all these value investors. Maybe they should move to where the fish are.” Charlie Munger, vice chairman, Berkshire Hathaway0 -
I'm sure even Coventry will enter 21st centaury soon,
https://www.wildlifetrusts.org/wildlife-explorer/wildflowers/common-centaury
Soothing the fevered brow?
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