�250 voucher

[harleybobs]

Hi could anyone advise me on which company I should invest my sons �250 goverment voucher, I have sent off for many packs but I just cant decide which one would be the best, I dont want to be tied down to put money in it every month just on occasions.

Thanks

[purbeck]

i decided to stick with who i know best and went with my bank as i have accounts & morgage with them .also you don't have to put extra money in

[ewand]

�250 isn't a huge amount in investing terms, but that shouldn't put you off investing wisely. I would recommend you placed it in a standard savings account. You can get some good deals (certainly through online savings where they can save a little on overheads) and you can get some ok returns. If you are likely to contribute (even a small amount each month) regularly, look for an account that pays regular interest, for example monthly. If you then accrue a large amount, and wish to play the money markets, consult a financial advisor, but make your own decisions, don't be pursuaded!
Hope this is useful.

[kwicky]

I would put the money in premium bondsand have a bit of a gamble. Savings accounts rarely match inflation so when he comes to withdraw it with interest in n years it will still be worth �250.

[ewand]

Some of the advice given by kwicky here is incorrect. Savings accounts do return higher than inflation, current accounts do not.

[harleybobs]

Thanks for all you ideas !!!!