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Child trust funds

(6 Posts)
Ride Fri 03-Mar-17 16:28:40

Does anyone still have money in them? We opened them for both DCs and the interest rates are so low now but not sure what the alternative is, we are a bit clueless! We pay £20 pm in to each of them. The interest rate is now 1.7% which seems a bit low. Any ideas?

Badders123 Fri 03-Mar-17 16:36:08

We moved ours to a junior isa for this reason!
We went with nationwide who Pay the most interest ATM
Very easy process

Longdistance Fri 03-Mar-17 16:38:24

We moved ours to F&C investments, and have funds in Graphite. Both have done very well.

Ride Fri 03-Mar-17 17:34:03

Oh thank you. So, just call the bank and ask to transfer type of thing?

Badders123 Fri 03-Mar-17 20:22:38

I went online and requested a transfer pack, filled it in then sent it off

clerquin Sat 04-Mar-17 13:30:47

We transferred our original CTFs to JISAs when we were able to in 2015. We've always chosen funds for ours though and they have outperformed any fixed rate products so far...

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