Saving Account For Kids??
12-11-2008, 10:09 PM
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Saving Account For Kids??
Does anyone know a good way of saving for kids??
Im currently paying cash in each month for my 8yr old son, not a great deal but everything helps!!
Im looking to transfer some of his current balance into a high interest account, but I have no idea which way to go. Either open him a new account or go down an ISA route in my name? I don't know his current interest rate, but I want it as high as I can get it.
Dont wanna stick it somewhere we cannot access it (As you never know what could happen),but want to earn him as much interest as possible!
Anyone got any suggestions? Cheers
Im currently paying cash in each month for my 8yr old son, not a great deal but everything helps!!
Im looking to transfer some of his current balance into a high interest account, but I have no idea which way to go. Either open him a new account or go down an ISA route in my name? I don't know his current interest rate, but I want it as high as I can get it.
Dont wanna stick it somewhere we cannot access it (As you never know what could happen),but want to earn him as much interest as possible!
Anyone got any suggestions? Cheers
12-11-2008, 10:22 PM
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List of savings accounts for ya! Not child specific though?
http://www.which-bank-account-4u.co....FQXK1AodDS5HYQ
http://www.which-bank-account-4u.co....FQXK1AodDS5HYQ
13-11-2008, 01:20 PM
#6
Half Rice Half Chips
Does anyone know a good way of saving for kids??
Im currently paying cash in each month for my 8yr old son, not a great deal but everything helps!!
Im looking to transfer some of his current balance into a high interest account, but I have no idea which way to go. Either open him a new account or go down an ISA route in my name? I don't know his current interest rate, but I want it as high as I can get it.
Dont wanna stick it somewhere we cannot access it (As you never know what could happen),but want to earn him as much interest as possible!
Anyone got any suggestions? Cheers
Im currently paying cash in each month for my 8yr old son, not a great deal but everything helps!!
Im looking to transfer some of his current balance into a high interest account, but I have no idea which way to go. Either open him a new account or go down an ISA route in my name? I don't know his current interest rate, but I want it as high as I can get it.
Dont wanna stick it somewhere we cannot access it (As you never know what could happen),but want to earn him as much interest as possible!
Anyone got any suggestions? Cheers
Seriously though, investments like that, in future and current classics I think is a good way of accumilating extra cash, much safer too.
Just an idea
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13-11-2008, 01:23 PM
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http://www.halifax.co.uk/savings/childregularsaver.asp You'll be hard pushed to beat this!
13-11-2008, 01:34 PM
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Raj, thats why my Esc Cos is sitting in me garage keeping warm
Paul, who's "We"
Could you provide me details on what you can do please mate? My credit file isn't exactly great so may fail getting the bext deals atm
Paul, who's "We"
Could you provide me details on what you can do please mate? My credit file isn't exactly great so may fail getting the bext deals atm
13-11-2008, 03:04 PM
#11
Half Rice Half Chips
I wish I could do the same but I don't have a Cozzie,,,, dont have a garage either :-(
I can dream though. I will have a word with my accountant and see if he has any ideas as I shall be speaking to him this weekend
13-11-2008, 03:07 PM
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13-11-2008, 04:32 PM
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Raj, I brought it blew it up (Front diff seized), repaired most of it (Needed 1 exhaust clamp fitting" and couldn't be arsed so she's sat in the garage 3 years
No worries Paul. Hopefully I can sort that one as its good for 12mts
No worries Paul. Hopefully I can sort that one as its good for 12mts
13-11-2008, 04:41 PM
#14
just find a bank /building society that gives you the best deal on a normal account, open one up in your name, stick the money in there, wait for the intrest to accumilate
juniors money goes into an account like this and it's paid up quite a bit over the past 2 and a bit years, i'll find out what it's called
juniors money goes into an account like this and it's paid up quite a bit over the past 2 and a bit years, i'll find out what it's called
13-11-2008, 05:36 PM
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Dojj, my son was born in 2000 and the Gevernment £250 started in 2002. Ive had him with Halifax and now Natwest, but was told to stick it into a high interest account as it will be more beneficial when his older (He won't be rich, but he will have more than I did).
Had an EMail saying the 10% Halifax account will be open in 14 days, so I will transfer all his cash over and earn an estimated £150-£200 interest in 12 months as oposed to £40 from Natwest. Then will find another good deal after that, so Andy don't go anywhere 
Had an EMail saying the 10% Halifax account will be open in 14 days, so I will transfer all his cash over and earn an estimated £150-£200 interest in 12 months as oposed to £40 from Natwest. Then will find another good deal after that, so Andy don't go anywhere
13-11-2008, 05:47 PM
#18
make sure and fill in an R85, it really is straight forward http://www.hmrc.gov.uk/forms/R85.pdf id expect you'll get a copy with the information pack, if not print the above and jobs a good un.
13-11-2008, 05:53 PM
#19
Dojj, my son was born in 2000 and the Gevernment £250 started in 2002. Ive had him with Halifax and now Natwest, but was told to stick it into a high interest account as it will be more beneficial when his older (He won't be rich, but he will have more than I did).
Had an EMail saying the 10% Halifax account will be open in 14 days, so I will transfer all his cash over and earn an estimated £150-£200 interest in 12 months as oposed to £40 from Natwest. Then will find another good deal after that, so Andy don't go anywhere
Had an EMail saying the 10% Halifax account will be open in 14 days, so I will transfer all his cash over and earn an estimated £150-£200 interest in 12 months as oposed to £40 from Natwest. Then will find another good deal after that, so Andy don't go anywhere
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