Kids lump sum savings account

Woolley2002

Hi, 
I opened a Halifax kids saver esrni g 5.5% interest 7 years ago when my son was born and have been saving in this every month.
At the end of each 12 month period the money is automatically transferred into a kids saver now paying 3.1% interest.

I am now looking to transfer a lump sum of £5k from the kids saver into an account that pays higher than 3.1%

Does anyone have any suggestions on best kids savings account where I can transfer a 5k lump sum into? 

jackieblack

https://www.moneysavingexpert.com/savings/child-savings-tax-free/

Keep_pedalling

Did you know that you any interest over £100 in your child’s account eats into your personal savings allowance? 

https://www.gov.uk/savings-for-children

If this means you need to pay tax on it you should be looking at a JiSA.