Investing money for a child

[kelfoan]

What is the best kind of child investment. I want to save around � 50.00 a month to mature upon my sons 18th birthday(in 13 years time). He already has childrens bonds and I want to set up some kind of investment plan

[Ethel]

I trust this site for all financial advice - it is unbiased and reliable, regularly updated and free!

http://www.moneysavingexpert.com/cgi-bin/viewn ews.cgi?newsid1089574348,16470,

[WendyS]

With 13 years to go, I would be inclined to opt for unit trusts as you have time to weather any ups and downs of the stock market and longer term it will probably yield far more than a savings deposit account. I find the Hargreaves Lansdown website very useful. It has a research section which gives details of lots of funds and they also issue a regular newsletter which details suitable investment funds .

[WendyS]

Its's www.hargreaveslansdown.co.uk