Child Trust Fund cheque

[kevshakry]

i asked already about this but no answer. Can anyone tell me what is the best investment to place this cheque in to get good returns?

[lou 26]

I placed my daughters with Nationwide in a non stakeholder account. It earned about �10 interest in about 8 months. That was without me adding anything to it at that time

[kevshakry]

oops i just realize that her date of birth on the cheque is 31/1 instead of 30/01. is that a prob?

[lou 26]

I would call them and ask, they should send you a replacement with the correct date on it. It should be the correct date otherwise when you open the account the cheque will differ to the account details. Make sure they back date it aswell!!!!!

[Sparkles3]

http://www.moneysupermarket.com/savings/SavingsResults.asp

Look at the different options on the above link. Hope it helps. I have my two at HSBC, because I could open the account on line. I chose the non stakeholder account like lou 26 and have been amazed how much interest has accumulated already. Would suggest you get it invested somewhere as quick as you can.

[Sparkles3]

http://www.childtrustfund.gov.uk/templates/InsiteHelp____1201.aspx

above site might help too!

[willspal]

I invested my Daughters in The Post Office run by Family Investments which is a Stakeholder Account.

I had a statement a few weeks ago and her fund now stands at �343.54. I was really pleased with that. I have not added anything myself (at this stage)

WP

[willspal]

http://www.postoffice.co.uk/portal/po/content1?mediaId=21600375&catId=19400175

WP

[tali122]

ive gone with kingston unity friendly society non -stakeholder and it requires no monthly contributions.CTFs are long term investments so don't worry about higher risk