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Childrens savings ... just wondering

4 replies

ginnny · 12/07/2008 23:04

Hi.
My two ds's have Post Office Investment accounts which were opened for them when they were born, they also have some of the Childrens Bonus Bonds and ds2 has a CTF.
Until now I have been putting Christmas and birthday money in there and topping them up once in a while, but I want to start saving money for them on a monthly basis.
I'm not sure whether to leave their money scattered about like it is or move it so that they just have a bank account each.
Any suggestions of a good bank account for children??

OP posts:
fiodyl · 12/07/2008 23:11

I think this is one of the best accounts for regular savings atm. I have one each for my 2 DC

BadHair · 12/07/2008 23:15

My dses also have the Halifax accounts, which I use to pay their birthday and Christmas monies into. I then transfer ds2's and ds3's cash into their baby bond accounts once per year. Ds1 is too old for a baby bond account so his stays put, but he gets good interest on it so it will probably generate around the same income as the other 2 by the time he's 18.

ginnny · 13/07/2008 12:52

Thankyou.
Think I'll go with Halifax then. I like the idea of moving it on every year.

OP posts:
mumma2cjh · 13/07/2008 20:52

Ive done the Halifax aswell 10% per year plus the other account that it transfers to give you 4% - the best return around I think

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