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Savings Account

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NGHFB71 | 16:04 Fri 31st Jan 2014 | Family & Relationships
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We would like to save money for our son who's only two but like to start early! Does anyone have a savings account for their child they recommend..
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Junior ISAs might be worth looking at. They offer good rates of interest and it builds up a nice Tax Free amount for when they are 18 (providing ISAs are still around then). You ca invest a maximum of £3,720 each tax year.

https://www.gov.uk/junior-individual-savings-accounts/overview
Just checked. The best Junior Isas are paying over 3% interest at the moment.
I used family allowance+gifts for endowment policies for kids; twas deposit for their properties

http://www.pru.co.uk/existing_customers/products/endowment_savings/

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