Junior Bonds?

[wheretheheckissummer]

Good Morning All

I opened a junior bond for my grandchild that we pay a monthly amount into several years ago.

I now have another grandchild and was hoping to do the same, but they do not appear to be available any more.

Can anyone please advise what the best option is here? TIA

It depends on what attracted you to the junior bond in the first place. I dont think there is an exact copy. Below are 2 ideas.

Most ppl would normally start a regular child's saver perhaps with Halifax 5.5%. If they wanted fixed interest but only one year term.

Or a junior isa either cash or shares. Companies like nutmeg or dodl are designed to be simple, access at 18 so locked away. You need the guardians permission.

If you don't currently use your isa allowance and you won't then you could save an amount for grandchildren in your name which can be accessed for them whenever you like. Term for stocks and shares should be a minimum 5 year. Assumes you arent going to die and pay IHT.

Thank you, that is very helpful. I think I will go for the junior ISA. No problem getting guardian's permission.