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[HNO3GOH]

I have a little person on the way and this should be about the 6th of Jan 2010 and when this happens our little person gets £200 from the gov so we have to open a account for this and i've also been putting money away for he or she to but what is the best account to have and do you get a better rate if it cant be touched till he or she is 18 or 21.

[KillerWatt]

Open any account you like, in ANY country OTHER than the UK for them!

[HolyCount]

I have a little person on the way and this should be about the 6th of Jan 2010 and when this happens our little person gets £200 from the gov so we have to open a account for this and i've also been putting money away for he or she to but what is the best account to have and do you get a better rate if it cant be touched till he or she is 18 or 21.

You will get a "fact pack" with the Bounty bag nearer the time, with lots of info. The £250 can't be touched til 18 ( and will be topped up by another £250 when 5). Where you invest is pretty much hit and miss cos a lot can happen and change in the next 18 years!

[HNO3GOH]

I have a little person on the way and this should be about the 6th of Jan 2010 and when this happens our little person gets £200 from the gov so we have to open a account for this and i've also been putting money away for he or she to but what is the best account to have and do you get a better rate if it cant be touched till he or she is 18 or 21.

You will get a "fact pack" with the Bounty bag nearer the time, with lots of info. The £250 can't be touched til 18 ( and will be topped up by another £250 when 5). Where you invest is pretty much hit and miss cos a lot can happen and change in the next 18 years!

£500 form the gov thats good

[Entwood]

As children don't pay tax it is best to use a special childrens account, some of the comparison sites .. moneysupermarket .. moneyfacts  etc etc will give you good information.

[Plomien]

The £250 is a specific type of account but for general child savings you can open a high interest savings account which would be interest free.
speak to your bank they will be able to advise.

This is from where I work http://www.hsbc.co.uk/1/2/personal/savings/children;jsessionid=0000wMjPwJgG1avYHPGMKdY_4MD:12c58nn8e

[HNO3GOH]

Thanks for the info Entwood and Plomien that's been a great help

[Plomien]

Thanks for the info Entwood and Plomien that's been a great help

not a problem