Best place to put child benefit

$17mma

I am aware that there are many regular high interest saving accounts ( already have some :money: ), but I read on here somewhere a while back that there was an account that paid high interest if you had your child benefit paid into it, have trawled through and cant find it, can anyone point me in the right direction please? :beer:

YorkshireBoy

http://www.coventrybuildingsociety.co.uk/savings/family1st.aspx

lordgaino

I am pleased that this has been brought up. I was planning to flip the child benefit money straight into my sons child trust fund.

Is this the best thing to do?

Murphy_The_Cat

lordgaino wrote: »

I am pleased that this has been brought up. I was planning to flip the child benefit money straight into my sons child trust fund.

Is this the best thing to do?

If you're happy with the idea of giving your sum a large amount of cash on his 18th Birthday, then it is one option.

southernscouser

$17mma wrote: »

I am aware that there are many regular high interest saving accounts ( already have some :money: ), but I read on here somewhere a while back that there was an account that paid high interest if you had your child benefit paid into it, have trawled through and cant find it, can anyone point me in the right direction please? :beer:

As we go back a long way I'll let you keep it in my bank account hun. I won't even charge you a fee!

Retired_I.F.A.

Try spending it on your kids, that is what it's for after all.

$17mma

southernscouser wrote: »

As we go back a long way I'll let you keep it in my bank account hun. I won't even charge you a fee!

:j Hey you (cheeky monkey ) long time no speak, doin well I see with the figures :money: ..

:kisses3:

$17mma

YorkshireBoy wrote: »

http://www.coventrybuildingsociety.co.uk/savings/family1st.aspx

Thanks for this :beer: have just realised that 7% rate only lasts for a year, thought it lasted longer than that.

$17mma

Retired_I.F.A. wrote: »

Try spending it on your kids, that is what it's for after all.

Well done that with older two kids, and feels like there is nothing to show for it, so have decided that with third edition we will save so she can pay for driving lessons, put towards a car or do what ever she wants to with it when the time comes.

Franko43

Our new arrival is 12 weeks old today. I opened up a 'Growing Up Bond' with the CTF for him last week. This product means that he cannot access the money, being the holder I can push it on to him when I feel the time is right. It's not I don't trust him but I'd rather encourage an attitude of saving in the child from an early age and if he knows he can get his hands on 18K when 18 then that makes my job harder. Idea is that he doesn't know it exists until the right time comes. As for the product itself I don't really know, apparantly it's one of the better ones - but charges look hefty to me...(they always do)

Murphy_The_Cat

Franko43 wrote: »

Our new arrival is 12 weeks old today. I opened up a 'Growing Up Bond' with the CTF for him last week. This product means that he cannot access the money, being the holder I can push it on to him when I feel the time is right. It's not I don't trust him but I'd rather encourage an attitude of saving in the child from an early age and if he knows he can get his hands on 18K when 18 then that makes my job harder. Idea is that he doesn't know it exists until the right time comes. As for the product itself I don't really know, apparantly it's one of the better ones - but charges look hefty to me...(they always do)

I'm confused

If its a CTF, then it will automatically become his on his 18th birthday - regardless of whether you tell him about it or not.