NS&I

scrumpyapple

hoping to open and account for new grandchild but seems to mention parents only. Which of their accounts would be best for long term saving?
Thank you

Albermarle

I suppose the obvious question is why restrict yourself to savings in NS&I ?
Also with a 18 year time frame, it is normally recommended to open an investment account, rather than a savings account.

xylophone

There is no NS&I account specifically for children other than the JISA - better JISA rates are available from other providers.

The JISA can only be opened by one of the parents but other friends and relations may contribute.

With so long a time frame, the investment (rather than savings) option might be the better choice, but a mix and match approach is possible provided that the total annual subscription limit is not breached.

https://www.gov.uk/junior-individual-savings-accounts


https://moneytothemasses.com/quick-savings/parents/best-junior-stocks-and-shares-isa

Fidelity and Hargreaves Lansdown might be worth a look.

https://monevator.com/best-global-tracker-funds/

Otherwise, maybe a Halifax monthly saver would suit?

https://www.halifax.co.uk/savings/kids.html

PloughmansLunch

It's probably not the best option for growth, but my mum opened up Premium bonds for my children and pays in every Birthday / Christmas. I didn't realise for many years that she had listed me with NS&I as 'Responsible Person', so now I can oversee their accounts until they are 18.

Keep_pedalling

We got our children to open a S&S ISA for each of our grandsons with funds we provided. Once opened then you can top up their accounts directly. We do a top up each birthday. We used Vanguards JISAs and they are all invested in the LS100  fund.