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Children's Savings

Discussion in 'Parenting' started by hhhh, Sep 13, 2011.

  1. hhhh

    hhhh Lead commenter

    I personally would make all deposits to a buiding societyaccount you can access in an emergency. Sorry can't give any financial advice, but I would be wary of ccounts he can't touch until 18, as a) some 18 year olds may want to spend it on a party (instead of sensibly studying for years to end up on the dole, ok I'll give up on the gloom!), and also you never know if there may be a reason he would need money quickly, we don't like to think about illness etc, but you never know.
     
  2. I have a Barclays monthyl child saver account for our son which you have in your name so that you can access it if necessary.Not sure what the interest rate is though!
     

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