We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Re-investment ideas for kids funds
Options

Antmac
Posts: 9 Forumite

Hi
I'm wondering if anyone can help. Both my wife and I put £100 a month in bank savings for our kids but due to the terrible rates at the moment I know we're not using it wisely. Can anyone recommend any funds or long term places where the money would be better off? Apologies if this has been spoken about previously, I've really no idea where's the best investment.
Many thanks
I'm wondering if anyone can help. Both my wife and I put £100 a month in bank savings for our kids but due to the terrible rates at the moment I know we're not using it wisely. Can anyone recommend any funds or long term places where the money would be better off? Apologies if this has been spoken about previously, I've really no idea where's the best investment.
Many thanks
0
Comments
-
How much have you saved up so far? How old are they? Do the have Child Trust Funds (they will if they are the correct age) or Junior ISA’s? When do you want the money are you happy for them to have it when they are 18?. Do you use your own ISA limit?0
-
Halifax will let you save up to £100 per month per child in its Kids' Monthly Saver (12 month term) at 3.5%. Barclays offers similar. Other than that have a look at Junior ISAs or Junior Stocks and Shares ISAs.My referrals page:
https://sites.google.com/view/donnaonamission/home
0 -
Do you want to retain control of the money at age 18?Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
cloud_dog said:Do you want to retain control of the money at age 18?
Because if it's in an account for the child, then that money will be theirs at 18, and any ideas of maintaining parental control beyond that point are moot...0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.7K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.5K Mortgages, Homes & Bills
- 176.8K Life & Family
- 256.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards