Child Trust Fund (Lounged - not specific to ED)

[CamberwellOz]

My husband asked me this morning 'Your job for today... find the best place for bub's ?250 child trust fund. Highest interest and/or the ability to invest in funds/stocks.....'

Any ideas?

[buggie]

can't remember the website address, but google martin lewis + money saving expert. Not had to find child trust fund stuff, but did find good isa deal through the site - gives v good advice, best of luck x

[CamberwellOz]

Thank you very much.

[david_carnell]

Couple of bottles of Chateau Margaux. Good investment.

[snorky]

Stox etc- you want to gamble with your kids money ? Its up to you, but remember you cant bleat if it gets messy

Hi Interest kids cash account at a legalised Mutual like the Brittiannia - you still get Dividends yearly because of its mutual status as well as competitive interest rates ion the deposit itself

[Mellors]

CTF is invested in stocks etc anyway, you get no choice, other than as to the level of risk (1, 2 or 3 - I think they recommend 2).

Mine is in Children's Mututal, but to be honest I think they are all about the same. They seemed to have the lowest admin charge at the time (about a year ago).

moneysupermarket is a good place to look.

One thing to bear in mind if you are putting extra cash in is that with a CTF the money goes straight to the sprog when they are 18. To blow on whatever they like.

I stuck my CTF voucher in mine, and a bit extra into a high interest account (Halifax pays 10% on the kiddies account). With that you are trustee for them, so you get the cash and decide if they are sensible enough to have it!

[EDmummy]

Mellors you do get a choice whether to go for stocks or not. CamberwellOZ, you should have received a pack with details from the FSA (Financial Services Authority) with details of the options for the ?250. There should also be some recommended funds. I agree with buggie, Martin Lewis provides great advice. The Guardian on a Saturday in the Money section also has lists of the best performing accounts etc. This should also be available on the Guardian's website. We personally went for a safe option and top it up to the level you are allowed to do each year. Goodluck.

[bignumber5]

I'm a big fan of premium bonds http://www.nsandi.com/ but I've heard kiddy trust funds are a sound idea - no kids myself so haven't really researched it. One fairly user friendly guide http://www.natwest.com/personal02.asp?id=PERSONAL/SAVE_AND_INVEST/SAVINGS_ACCOUNTS/UNDER_16

[cdonline]

Scratch cards?

[Muttley]

This is for the lounge, surely.

[CamberwellOz]

-- moved topic --

[CamberwellOz]

Thanks everyone for your ideas. I'll pass them on.

[SteveT]

Premium bonds

[Asset]

I don't think Premium bonds are good for long term investment as the value of your money in say, 15 years is a lot less than the value of your money today. Unless you have a substantial amount of cash in them the winnings are not likely to be as much as interest in a high interest account and even then not guaranteed.

[Marmora Man]

david_carnell Wrote:

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> Couple of bottles of Chateau Margaux. Good

> investment.

That's the way to go - I was fortunate enough to be able to buy a case of 1966 Margaux in 1976 from a naval wardroom that was disposing of its cellar. The wardroom wine caterer didn't understand accounting or fine wines(nor did I in those days) so sold off his stock at the prices that had been paid. So 12x 10/6 a bottle = ?6.60 for the case - which with a friend I drank over te next four weeks. I also bought a vey fine vintage port for ?1.05 (a guinea). Excellent stuff.