We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
A savings account for my niece
Options
ellerose
Posts: 202 Forumite
Hi all,
I want to open a savings account for my niece, who was born yesterday. I don't have a lot to spare, as I am piling all my spare cash into debt, but I'd like to put aside a little bit, maybe £10 a month. Any recommendations for the best option?
I want to open a savings account for my niece, who was born yesterday. I don't have a lot to spare, as I am piling all my spare cash into debt, but I'd like to put aside a little bit, maybe £10 a month. Any recommendations for the best option?
Debt at LBM July 2013: [STRIKE]£46,085.88[/STRIKE] :eek: Debt today: £36,501.67
20.8% down, 79.2% to go!
The quicker I'm debt free, the quicker I'll be Mrs. H! Date to beat: April 2018
20.8% down, 79.2% to go!
The quicker I'm debt free, the quicker I'll be Mrs. H! Date to beat: April 2018
0
Comments
-
You could open a Halifax Childrens Regular saver for her and set up a standing order into it each month.0
-
Maybe it would be better to deal with your own debts first?0
-
I am doing, thank you. But I would like to put just a little aside to save for her, as her parents are very young and not in a position to.Debt at LBM July 2013: [STRIKE]£46,085.88[/STRIKE] :eek: Debt today: £36,501.67
20.8% down, 79.2% to go!
The quicker I'm debt free, the quicker I'll be Mrs. H! Date to beat: April 20180 -
here's a list of accounts...
http://www.moneyfacts.co.uk/savings/bestbuys/childrens-savings-accounts.aspx0 -
Ah, thank you for that link, Speculator. I will certainly have a look.Debt at LBM July 2013: [STRIKE]£46,085.88[/STRIKE] :eek: Debt today: £36,501.67
20.8% down, 79.2% to go!
The quicker I'm debt free, the quicker I'll be Mrs. H! Date to beat: April 20180 -
Will the parents be doing anything with the CTF voucher they will receive? If they open an account with the voucher, would you want to contribute to the account?If you are at a poker game and you cannot figure out who is the patsy then guess what...you're the patsy - Warren Buffet0
-
And make sure that you get a R85 form from the organisation you choose to save with and get one of the parents to sign it. This is so that the interest will not be taxed.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards