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  • FIRST POST
    • debtdenial
    • By debtdenial 9th Apr 18, 9:24 PM
    • 7Posts
    • 0Thanks
    debtdenial
    Kids savings
    • #1
    • 9th Apr 18, 9:24 PM
    Kids savings 9th Apr 18 at 9:24 PM
    Hi, we have 4 kids accounts with our local credit union but they have had no interest on them in 7 years. Should I take the money out and open savings accounts instead or ISA's? Which ones would be best given that 2 of my kids received the child trust fund when they were born.

    Thanks for any help
    Deirdre
Page 1
    • xylophone
    • By xylophone 9th Apr 18, 10:17 PM
    • 26,478 Posts
    • 15,721 Thanks
    xylophone
    • #2
    • 9th Apr 18, 10:17 PM
    • #2
    • 9th Apr 18, 10:17 PM
    It is possible to transfer CTF to JISA.

    https://www.coventrybuildingsociety.co.uk/consumer/product/savings/children/junior-cash-isa.html

    you may transfer in junior ISA savings or Child Trust Fund savings held with another provider

    https://www.skintedmintedmum.co.uk/minted-blog/how-to-transfer-a-child-trust-fund-ctf-to-jisa-with-a-double-scoop-of-tax-allowance.html

    https://www.gov.uk/junior-individual-savings-accounts
    • Dox
    • By Dox 10th Apr 18, 10:16 AM
    • 936 Posts
    • 718 Thanks
    Dox
    • #3
    • 10th Apr 18, 10:16 AM
    • #3
    • 10th Apr 18, 10:16 AM
    Click on the 'banking and saving' tab at the top of the page and follow the link for children's savings for more help/info.
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