Child Trust Fund Voucher....... Where best to invest ???? Any offers anywhere ????

[sohappyicouldcry]

I need to sort out setting up child trust fund for DD (before government decide where to put it for me!). Just wondered if anyone was clever enough to know the best place to put it, and also if there are any great incentive offers out there ....

Thanks

MIne went o Yorkshire building society.

Wasn't ahppy with teh high fees on the share accounts, so went for a basic interest savings account no-risk type one.

YBS seemed to have the best rate and was recommended by Which and MoneySavingExpert I think.

Slug, thanks for that....

Anyone else ????

Surely someone else has put their voucher somewhere ????

SohappyIcouldcry - Mothercare give you £20 worth of vouchers if you invest with them.

(Intrigued as to wha is making you so happy...)

Hang on I'll go get kids folder and dig out where we put ours, no incentives though...

Here we go: CIS THe Childrens Mutual tel: 0845 600 1953

methodist church do an ethical investment one. you can polish your halo while saving for their future [smug]

The question to ask yourself is how significant is that money to you in the great scheme of things?

If you are on a very tight budget and that money is a big deal, then you might be happier taking no risks at all with it, ie. a cash fund.

If £250 is a relatively small sum for you, and you are making other provision to save for your child, then you might as well take a risk with it and put it in a speculative share-based fund.

FWIW I went for the second option and put it in Foreign & Colonial Smaller Companies fund. More by luck than judgement this has turned out to be the 2nd highest-performing of all the CTFs, but then again I was investing in early 2004, since when most good share-based funds have risen by far, far more than cash.

If you do go for the shares, choose a well-established blue-chip fund manager, read the blurb that tells you the profile of the different funds and take a punt.

DD's is with Nationwide and just about to get ds's there too. Just doing the cash option as dh and I are a bit wossy! I looked up the interest rates on moneysupermarket the other day and although Nationwide weren't top they weren't far off and the top ones i hadn't heard of. Wanted to stick to what I know. No incentive with them either

Thanks for the info folks, will go pick up info tomorrow ....
FYI my name is "sohappy" because dd was completely discharged from the paed consultant at the hospital 18 months earlier than I'd been warned to expect !

Fantastic news sohappy - brilliant