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Child Trust Fund for Baby

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Hi. Does anyone know of the best Child Trust Fund? (It's that £250 thing the government give you when you have a baby) I'd like one which would give him a good interest rate / some free gifts, li…
duckmagicuk2 Avatar
1d, 1y agoPosted 1 decade, 1 year ago
Hi. Does anyone know of the best Child Trust Fund? (It's that £250 thing the government give you when you have a baby)

I'd like one which would give him a good interest rate / some free gifts, like the Asda one gives you a £25 George gift voucher.
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duckmagicuk2 Avatar
1d, 1y agoPosted 1 decade, 1 year ago
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#1
There have been some changes in interest rates recently, but this link should help.

http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1108986373,87407,


For a more up to date comparison this link is also helpful, just tick the child trust fund option at the top

http://www.moneysupermarket.com/Savings/Default.asp

Also, I'm not sure if you can put the money in this account, but Halifax do an 10% interest account for children.

http://www.halifax.co.uk/savings/home.shtml
#2
Hello!
Which? magazine did a huge article about this in the August edition - all the details, all the good accounts. You'll find a copy at your local library.
#3
Ha! I got the Which? free trial for July & August. I wouldn't have normally bought it. I've got it here somewhere - it came with a free digital camera and tripod. About £15 I'd reckon.
#4
I too am looking around for the best place to put the trust fund voucher. However, since this is a long term investment, I'd recommend investing in a equity based trust rather than a cash based (interest) one. You should get a far better return in the long term.
#5
Any specifics Zedmeister? I have been looking around for a while.

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