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Best Online Children's Savings Account?
Comments
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If your children are below the tax threshold then an ISA doesn't have any (immediate) benefits. Also, if they are younger than 16 they can't have an ISA, so it would be using your allowance.
How old are they, and what is the term of investment/saving that you are looking at? If it's long term (i.e. > 5 years), then an investment product may produce better returns than a cash savings product.Debbie0 -
Thanks for your help Debbie. My children are aged 9 & 5 and so I am looking to get a good return on this investment for their future. Any suggestions?
Anne
x0 -
Thanks for your help Debbie. My children are aged 9 & 5 and so I am looking to get a good return on this investment for their future. Any suggestions?
You could have a look at this thread. It concerns S&S ISAs, but there is some useful investing info in there whether your investment is in an ISA wrapper or not.Debbie0
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