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I was gonna say Scottish friendly too
We decided to go with NS&I as it’s a relatively good interest rate, we could open the account online and it’s government-backed.
Worth baring in mind that in Scotland the money can be accessed by them, to whatever they wish when they are 18 😅 know a few people that have blown house deposits, uni savings etc and lived to regret it
Only if they know it exists 🤫🤐
Those who have open one, how does it work? Is it in your child name? (Sorry don't mean to take over the post, just curious). I know my bank wasn't offering them during covid and I haven't really took the time to look into them since.
@Maeve they write to them at 18 to take ownership of the account 😅
Oh damn! We’ll be having some looong conversations about making good decisions with money before that letter arrives 😂😂
Got a stocks and shares junior ISA with RBS. Can’t be touched until he’s 18.
@Claire it’s in your name but they are the account holder. You can add but can’t take money out. Once they hit 18 they’ll have access to it.
I've just opened a Scottish friendly one, it can't be touched until they are 18 which we wanted and you can pay lump sums in or a direc debit each month, you can also share it with relatives and they can set it up for them to pay in too!