Best place to save for children's future?

[Dalesgirl16]

I have 20k each to invest for both my young children and I want to put it somewhere safe with a good interest rate. We wouldn't ever touch the mine and would want to add to the fund over the years to hopefully pay for things in adulthood like university fees, housing deposits etc. Can I ask, from those doing similar, where would give me a good return? Thank you

[OKhitmewithit]

Put it in stocks and shares, cash will rot with inflation.

[Dalesgirl16]

Thanks. I will have to look into shares. I've never bought individual shares. I do have stocks and shares ISA but I presume you need to sell when they are doing well to make any money?

[user1471453601]

Have you thought of a credit union? Not only are you saving ( with pretty decent interest rates), but you are supporting your local community. They lend at reasonable rates (keeping people out of the hands of payday loans and loan sharks). Maybe not the whole 20k, but some of it?

[Dalesgirl16]

Thank you. I don't know what a credit union is and will have a look into it.

[Zevitevitchofcwsmas]

Op I think it's stocks and shares isa and maybe keep 5 back in cash isa?

If you have your own stocks isa wouldn't that show you how it out performs cash?

There are many platforms that you can open stocks and shares junior isa with.

I belive what people do is keep eye on it in the few years before they may want to draw on it.
And then pull it out? Or cream some off?

[littlebillie]

JIISA

www.moneyadviceservice.org.uk/en/articles/junior-isas