I have just completed 12 months of a regular saver account with Halifax at 10% interest and my little boy has now had £1150 transfered over to his Halifax Save4It account.
Do you think I should leave that amount in that account or transfer it to a new account elsewhere? I don't want to put it in his Child Trust Fund (don't know how he'll turn out when he's 18!).
I know someone recommended using the amount saved to open a new Halifax Regular Saver in my husband's name and carrying on paying into the existing Regular Saver.
I just want to do the best I can to earn him as much interest as possible (without overcomplicating it too much!).