Savings for children.

[Craiginuk]

I went for a stocks and shares isa in the end. Has done quite well.


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[JasonM]

Start their pensions. Do it. Do it now. And Max out premium bonds.

There was a pensions info show on R4 yesterday and they said that if you start a kids pension when they are born then due to compound interest, they will accrue more in those first 18 years than you would from age 18 - retirement.

[Tahiti]

Although with a pension it won't pay out until 55 under current rules (barring a couple of odd scenarios), if your aim is their long term future, this has to be a consideration.

[MTM84]

We put money into NS&I children's bonds each month. I read an article by Martin Lewis on the Money Saving Expert site and it looked like a good option.

NS&I. The NS&I Children's Bond (issue 35) is 2% AER fixed for five years on balances from £25 to £3,000. This is a lower rate than some fixes, but it has a unique advantage – it's the only product outside a junior ISA or Child Trust Fund where the interest is always tax-free.