What is best savings account for my baby?

(5 Posts)
Hotmad Tue 18-Feb-14 20:42:07

New baby, lots of monetary gifts given to her and I want to open some sort of an account for her.
Any tips?
I'm worried about accounts that let them have control at age of 16 or 18 as I think that's an age where one might not be so responsible, or am I just being over the top?

wherethewildthingis Tue 18-Feb-14 20:45:08

We have a Halifax account which pays 6% for a year, that was the best buy at the time and probably still is. At the end of the year you can transfer the money into another account which again pays 6%.
I agree about the age thing, I am not sure how you stop them getting it though? Maybe keep it secret is my plan!

Hotmad Tue 18-Feb-14 20:49:55

Ha ha yes maybe just don't tell them!!

LocalEditorOxford Thu 27-Feb-14 19:26:08

I think they get a letter when they turn 18.

purplemurple1 Tue 04-Mar-14 18:05:12

As fars as I can tell the only way to stop them having access is to keep it in your own name(s).

Join the discussion

Join the discussion

Registering is free, easy, and means you can join in the discussion, get discounts, win prizes and lots more.

Register now