Child Trust Fund or something else??

[manzi18]

Hi There, My youngest has received some money for his Baptism which I would like to put away for him. With my first two children I invested their money into the government initiated Child Trust Fund Account. For all 3 we choose Cash Accounts with Natwest. Being a creature of habit before I do the same for my 3rd child.. can anyone suggest a better Investment route to follow. Many thanks Mandy

Cash accounts aren't paying particularly well at the moment and, given that you're looking at an 18 year investment, you could afford to take a little more risk in pursuit of a better reward i.e. stocks and shares. If your youngest was born after Jan 2011 you could compare Junior ISAs - there are cash or stocks and shares versions.

I was going to say ISA too. Have you an IFA you can ask?