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JISA for 8 year old to buy and forget ..

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  • Albermarle
    Albermarle Posts: 27,999 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Alexland said:
    incus432 said:
    Just like student banking, both hoping that inertia wins the day and they stay for good.
    I've been with Fidelity with one account or another continuously for over 20 years and never needed to complain and they still offer me pretty good value. My experience with an account at HL for a few years was less satisfactory as they made an error during an LISA transfer which took ages to resolve with HMRC. Individual experiences will vary they are both solid choices. My kids have their free JISA and SIPP accounts at Fidelity.
    In terms of investment choices for an 8 year old's JISA it very much depends when they might want to spend the money so it probably isn't a 'buy and forget' situation as derisking prior to withdrawal may help give more certainty of outcome.
    Individual experiences will vary they are both solid choices

    I have accounts ( past and present) with both. I have transferred money in and out ( cashbacks) , cashed in a small SIPP, moved investments around of different types etc .
    I would rate both platforms pretty good, with responsive customer service.
    I prefer Fidelity when researching investments, performance etc
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