I am entirely clueless about money and investments. Have recently had a baby and her Grandma said she will be giving her money each birthday and Christmas and we should set up a specific account.
She recommended premium bonds (I think that what they are called) but my understanding is you need a chunk of money to start with and you may not ever 'win'?
So I was wondering about savings or an ISA but not sure of the implications of either.
We are not talking huge sums - I'd imagine under £50 twice a year. We could add to it ourselves possibly in future too. It doesn't need to be quickly accessible.
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Investments or savings for DD?
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Rollermum · 19/12/2013 07:23
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