Junior ISA or something else?
Discussion
Hi All
Wanting to set up a savings account for our new born. Was thinking of just setting up a Junior ISA with Vanguard as thats where my ISA is at the moment so I am familiar with what they offer.
But some have warned me off using the JISA because when she turns 18, its hers to do with as she pleases. Now the money would be for university maybe or perhaps to put towards a house or something. Of course, its nice to think that come adult-hood, we've raised someone sensible, but equally she might be the "coke and hookers" type and piss it up the wall.
What are some other options?
I didn't to do just cash savings or cash ISA's because the interest rates are dire.
Wanting to set up a savings account for our new born. Was thinking of just setting up a Junior ISA with Vanguard as thats where my ISA is at the moment so I am familiar with what they offer.
But some have warned me off using the JISA because when she turns 18, its hers to do with as she pleases. Now the money would be for university maybe or perhaps to put towards a house or something. Of course, its nice to think that come adult-hood, we've raised someone sensible, but equally she might be the "coke and hookers" type and piss it up the wall.
What are some other options?
I didn't to do just cash savings or cash ISA's because the interest rates are dire.
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