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long term savings account for grand child
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dizzybee
Posts: 1,424 Forumite
Looking at starting a savings account for my first grand child, would like to put a regular payment in each month £50 till she is 18, but am so confused on all the accounts out there ideally i'd like to set it up and run it myself, cant decide between A junior ISA or savings account,
Anyone had experience of setting up a account for a grandchild.
Anyone had experience of setting up a account for a grandchild.
SPC no:076
0
Comments
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cant decide between A junior ISA or savings account,
One of your grandchild's parents would need to open (and manage) the JISA - you could then contribute.
For so long a time period the stocks and shares option could offer better returns.
https://www.gov.uk/junior-individual-savings-accounts
Example
https://www.fidelity.co.uk/junior-isa/
Maybe a global tracker?
https://monevator.com/best-global-tracker-funds/
Cash JISA also available
https://moneyfacts.co.uk/isa/junior-isas/#
1 -
Thank you will take a look.
SPC no:0761
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