[raspberry]
no. because the govt will invest it for you in a stakeholder fund for you after 12months. (the stakeholder fund is more risky but yields morethan no-stakeholder funds). after 7(?) or 13(?)years, the money is gradually moved into less risky options so that the returns in the account will stabilise in time for their 18th birthdays wheen they can access their money.
hth fm x