ChatterBank1 min ago
Isa Account Help
1 Answers
Hello all
My husband and I set up and ISA for our niece and nephew last year with Barclays and now a year has passed the interest rate has dropped from 3.5% to 1%. Naturally we want to move their money somewhere with a better rate but have found many accounts need to be in the parent/guardians name,, which we are not.
Can any one suggest an ISA or similar where we will get the best for our money for them. We need to be able to pay in an amount per month and it will not exceed £3000 a year and the children will get the money when they turn eighteen. Is there a better way to make the most of the small amount we can save for them?
Any help gratefully received as I have no clue regarding 'financial services'
Thanks
GF
My husband and I set up and ISA for our niece and nephew last year with Barclays and now a year has passed the interest rate has dropped from 3.5% to 1%. Naturally we want to move their money somewhere with a better rate but have found many accounts need to be in the parent/guardians name,, which we are not.
Can any one suggest an ISA or similar where we will get the best for our money for them. We need to be able to pay in an amount per month and it will not exceed £3000 a year and the children will get the money when they turn eighteen. Is there a better way to make the most of the small amount we can save for them?
Any help gratefully received as I have no clue regarding 'financial services'
Thanks
GF
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