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Children's Savings - Best Rates ?

(9 Posts)
cat64 Mon 22-Aug-11 17:49:57

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cat64 Mon 22-Aug-11 23:18:23

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Marrow Mon 22-Aug-11 23:22:48

The Derbyshire was offering an online instant access account paying 3.1%.

cat64 Mon 22-Aug-11 23:40:15

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cat64 Sat 27-Aug-11 15:09:58

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CogitoErgoSometimes Sun 28-Aug-11 13:08:07

If you're thinking about something that would be held in trust, have you looked at Child Trust Funds and (come November) the Junior ISAs that are going to be on the market? Family Assurance are one organisation offering them

cat64 Sun 28-Aug-11 13:25:15

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CogitoErgoSometimes Sun 28-Aug-11 13:37:18

I took out a CTF in 2000 which was before the voucher scheme started. It's a unit trust i.e. stock-market based. It's running as an 18 year regular deposit arrangement and, so far, it has outperformed the typical savings account - even after two stock-market crashes. If you're thinking about a more ad-hoc savings arrangement and very small amounts of money then you're really left with the 90 day notice type accounts or regular savings deals which tend to pay more than instant access. Don't personally recommend Premium Bonds as I think their payout is lousy... but there are some National Savings bond products which are index-linked

Yes... all us regular savers would like 'a leetle bit of interest' - but with the bank rate down where it is and inflation threatening to go up, life's a bitch smile Banks are only in the business of turning a profit... up to savers to find the best deal in the haystack

cat64 Sun 28-Aug-11 14:52:56

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