Children's Accounts

Ophie

Hi All

First post on this board (and feeling all sensible)...

I want to set up an account for my daughter (2), this will have at least two people paying in to the account at least once a month, I don't know how much per month the other person is wanting to put in, so ideally one that doesn't limit the amount, but has the best interest rates would be fantastic.

Or should I get the other person to open an account for her so that she has two lots of interest going in to it?

As you may tell, this is my first foray in to the sensible side of MSE... so any advice greatly received as getting pressure to get this sorted.

Thanks

Edit to add

The person pressuring me doesn't live in this country, but does live in the EU - are accounts able to be opened up for children via the net?

Ophie

hello...........

anyone?

Mikeyorks

A reasonable place to start? :-

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

Edinburghlass_2

You would need to consider the charges that would incur from someone paying into a UK account from an EU account unless of course they have a UK account and can just set up a dd or standing order from one UK account to another. Or indeed they open an account wherever they live for the child.