Child Trust Fund Vouchers

[Lyndsey]

What have you all done with yours? it is my mission to sort this out this week but I have no clue where to go!!

I have taken some advice and know the difference between a savings account and a stakeholder.... I have views on both..... but what company have you used and why?

Lyndsey

 

[Nic'n'Keeley]

i paid keeley's into a nationwide savings account then it took like 8 weeks to come thru!

 

[Jade89]

I havn't got a clue Ive just found Aaliyah's and put it safe...im gonna have to look in to it to, OH is making me feel guilty for not doing anything about it. But its not like the 1st thing I think of in the morning

 

[Gemma & Jake]

We went to Abbey as mine and OH bank accounts are there. We decided to go for the non stake holder as that way no money can be lost. I think the stake holder sounds ok but you have to be prepared to lose money aswell as make money. We had to make an appointment to open it so it might be worth phoning the place you open it to check first. The CTF can be taken out by your child at 18 whether you like it or not so what we done was also opened a mini ISA account that we control for any other money which has quite good interest rates.

 

[nikki1306]

just done mine with nationwide to xx

 

[Nicky_Jones]

We opend and account with Yorkshire Building Society. We went for one with a straight interest rate, rather than one linked to the stock market.

 

[cassi]

Mine hasnt even come yet thanks for reminding me to get on their backs about it

 

[mummykay]

Jamies is in abbey and hes got a fair bit stashed already!! i went for non stakeholder cos i cant bear the thought of losin money lol!!

 

[Rosebay]

I think ours is with the Children's Mutual as it was the only one we could find with ethical and green investment choices at the time

+++

 

[Lyndsey]

Well it seems like a lot of people have gone for the straight savings option..... There is an excellent rate with our local building society ( The Hanley) So I am going to ring them tomorow. I had been thinking about the stakeholder option because you may get more money back but like everyone has said I couldn't forgive myself if it went down in value!

So thanx for all your replies!

 

[Jaidy]

Ive just applied for an application form for the Natwest stakeholder account. Only really because my parents bank there and its quite a reputable bank!

 

[Jade89]

so a savings account is just an account that saves money for baby until he/she is 18? and a stakeholder can go up and down in cash?

I think i'm just going to go with the savings, that way I know how much is in there and what not, my bank is Natwest too so i'll get some info....u also get another £250 when the child is so old.

 

[Lyndsey]

yeah a stake holder account puts the money int stocks and shares. your money could double or you could get less than you paid in..... market trends have shown that in the last 40 years every 18 yr period has increased in value but there is no guarentee this will be the same in the next 18 years........... I am going to stick with the savings account and keep my eye on the interest rates

 

[Urchin]

I went with Childrens Mutual because you can do it online and get £20 Boots vouchers