to use a child's savings account for a family expenditure?

[jeffinghell]

I was researching regular savings accounts for saving up for our first big family holiday next year I hope, when I noticed that Halifax offer a child's regular saver that offers 6% rather than the usual 4%.

On a scale of YANBU to YADBVVVVVVVVU how bad would it be to use a regular saver in one of my DC's names to save up to pay for the family holiday?

I would like to add that I don't earn enough to pay tax, so it wouldn't be for tax evasion purposes.

YANBU it's just a savings account

well i don't think it would be a huge problem... but it's only 2% extra so unless you're saving for a really long time it's not going to make a massive difference is it?

Not unreasonable at all.

I thought you meant you were going to spend your DC's money on redecorating your kitchen or something

YANBU, I don't see a problem with it. Check that you can withdraw the money though, and you don't have to wait till they're 18 or something.

Too many 'or something's in that post