Sorry if this is a repeat of other posts but, fortunately due to my financial naivety I have paid an endowment policy for 25 years from my first house, this house was sold and I moved when I met my husband and we have payed off our repayment mortgage from our martial Home. I will be getting a cheque for £35,000 at the end of the month, obvs I knew the money was going out my bank and I received yearly statements I just never thought what I would do with the lump sum when I received it.
I'm thinking that I should divide it between my 2 children (17 and 14) who have expressed a desire to go to university so I can drip feed them small monthly amounts for food and living expenses, can anyone suggest an ISA or any other easy access account that pays reasonable interest to facilitate this. In the past I've found that the IFA's want to sell me the product that's best for them rather than me and as it's in effect my kids money I want to do the best for them.