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  • FIRST POST
    • bpk101
    • By bpk101 16th May 19, 2:02 PM
    • 251Posts
    • 16Thanks
    bpk101
    Savings for a newborn
    • #1
    • 16th May 19, 2:02 PM
    Savings for a newborn 16th May 19 at 2:02 PM
    Hi

    I'd like to put away around 2k5k into an account for my newborn... somewhere it can grow over the years and they can have access to it when they're older.

    Where's the best place to save or invest it that is extremely low risk and has good returns?

    Thanks.
Page 1
    • Damper132
    • By Damper132 16th May 19, 2:15 PM
    • 24 Posts
    • 31 Thanks
    Damper132
    • #2
    • 16th May 19, 2:15 PM
    • #2
    • 16th May 19, 2:15 PM
    Its a great start im not expert but a Junior S&S ISA would be great place to start 19/20 tax free allowance is 4368 so fits right in with the amount you have quoted then tend to invest into an accumulation fund such as vanguard all cap maybe and then could maybe even put another 50 a month to one side starting next year, the miracles of compound returns are astronomical.
    a 5k lump sum with 40 a month invested for 18 years at a return of 4% would see 13640 invested turn into around 23k fees excluded again no expert just an enthusiast at the moment
    • xylophone
    • By xylophone 16th May 19, 3:18 PM
    • 29,464 Posts
    • 17,941 Thanks
    xylophone
    • #3
    • 16th May 19, 3:18 PM
    • #3
    • 16th May 19, 3:18 PM
    https://www.gov.uk/junior-individual-savings-accounts

    https://www.vanguardinvestor.co.uk/investing-explained/stocks-shares-junior-isa

    https://monevator.com/using-vanguard-lifestrategy-funds-life/

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

    https://moneytothemasses.com/quick-savings/parents/best-junior-stocks-and-shares-isa
    • Albermarle
    • By Albermarle 16th May 19, 3:19 PM
    • 714 Posts
    • 413 Thanks
    Albermarle
    • #4
    • 16th May 19, 3:19 PM
    • #4
    • 16th May 19, 3:19 PM
    Where's the best place to save or invest it that is extremely low risk and has good returns?
    All investments have a level of risk and the better the potential return the higher the risk . If you want very low/no risk you will have to put money into a savings account .

    Anyway the same question about saving for new borns has been asked already this week , so if you read the threads below it should give you a good flavour of the advice given .
    https://forums.moneysavingexpert.com/showthread.php?t=6000743
    https://forums.moneysavingexpert.com/showthread.php?t=6001129
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