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Duplicate Fixed Rate Cash ISAs from same provider in same year
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Ictoanuk said:I save money for my Grandsons (2) for when they are adults. I don't want them to have access to these savings until they are over 18yrs (potentially mid 20's) and therefore the savings are in my name alone.0
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gt94sss2 said:Ictoanuk said:I save money for my Grandsons (2) for when they are adults. I don't want them to have access to these savings until they are over 18yrs (potentially mid 20's) and therefore the savings are in my name alone.2
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Update:
I have opened two I yr Fixed Rate ISAs (at 4.46%) with Kent Reliance. Relatively painless, once I got my head around the mechanics of opening the second account after speaking to one of their advisors, and allowed a day for the new account numbers to update in the banking system to allow the initial deposits from my bank.
gt94sss2, as eskbanker pointed out, I don't want my g/sons to have immediate access at the age of 18, preferring to see them start to make their own way in the world and hopefully giving them a helping hand with a house deposit or similar, I had considered the Junior ISA route but discounted it. Thanks for the suggestion though.0
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