We have our £250 voucher for Emms and are not sure what type of account to put it in - Stakeholder, savings or shares. Do people have opinions on the options?
We are not keen on using that one account to put other money in for her as when she is 18 she could blow the whole lot and we couldnt stop her.
Have people got 2 accounts for their LOs - one child trust fund and one savings account in your name, so that you can control it?
We are thinking ISA in our names which we put money into, and maybe stakeholder account for the £250 voucher, for her to get on her 18th and spend on what she likes along with the other £250 when she is 7 yrs and any interest it makes for her.
What do people think?
We are not keen on using that one account to put other money in for her as when she is 18 she could blow the whole lot and we couldnt stop her.
Have people got 2 accounts for their LOs - one child trust fund and one savings account in your name, so that you can control it?
We are thinking ISA in our names which we put money into, and maybe stakeholder account for the £250 voucher, for her to get on her 18th and spend on what she likes along with the other £250 when she is 7 yrs and any interest it makes for her.
What do people think?
