Saving for Our Baby

[leemorton6]

My wife is pregnant with out first child and i want to start putting some money away for it.
Ive been saving loose change for a little while and it's adding up and wanted to start an account for the baby but am unsure when i'd be allowed to do this.

Any suggestions?

[Psychick]

Why not open a savings account in your name and put the money in there. When baby is born and has a name lol you can then open an account for the baby and transfer the money you have saved to the new account. You will also get a cheque from the government to go into a savings account/trust fund when the baby is born and another one when he/she is 7 years old. This is for when they turn 18 and possibly go to university.

[Sir Alec]

You can also open Trust Funds for children. Ask friends and relatives to pay amounts into this instead of buying presents.

[annie0000]

Halifax do great regular saver account for the baby once he or she is born - 10% interest for a year and then you need to transfer the money out, You cant open anything specifically for him or her until they are born though, but keeping saving yourself just now.

[energysaler]

its excellent you are making arrangements for these things early and planning ahead to save for your childs future.

I want to help you, I have saved thousands of people money off their gas and electricity bills. This is an excellent investment you can undertake without any cost, and you will realise this almost like a pay rise.

Any ongoing money I manage to save you, you can add to the savings trust without noticing a decrease in your disposable income. in some instances I have saved the average household upto �400 a year. its worth it.

I look forward to hearing from you
http://www.energywholesaler.co.uk