Best savings account?

[200sols]

It's investing, when your pot grows over a lifetime don't look at daily changes, even a 1% drop will make you wince.

 

[visibleman]

It's gone down twelve quid, if it drops another £88 in the next month, we'll end up not making anything.

Slim chance of that happening though, no? I would have thought the arse would have to literally fall out of the markets for us to end up barely breaking even

Saying that i'm -£7 down and as long as at the end it hasn't cost me anything (need to make £20/25 to cover saving interest and fees) then ¯\_(ツ)_/¯....it's the risk we've taken.

 

[GeX]

Does anyone have any experience of Junior Stocks and Shares ISAs?
Got a decent chunk of money and want to put it into my kids' (age 2 and 4) savings. They both have savings accounts that money goes into each month, and cash ISAs that birthday/Christmas money goes into it.. but I was thinking about converting the ISAs to Stocks and Shares ISAs as over the time till they're 18 I'd expect that be a better return.

 

[Dirk Diggler]

Does anyone have any experience of Junior Stocks and Shares ISAs?
Got a decent chunk of money and want to put it into my kids' (age 2 and 4) savings. They both have savings accounts that money goes into each month, and cash ISAs that birthday/Christmas money goes into it.. but I was thinking about converting the ISAs to Stocks and Shares ISAs as over the time till they're 18 I'd expect that be a better return.

What do you need to know?

 

[mcast123]

Vanguard index tracker, pick 100% equity if you're young, isa version if needed.

 

[Dirk Diggler]

Vanguard index tracker, pick 100% equity if you're young, isa version if needed.

Is that the LifeStrategy 100% Equity Fund?

 

[Zatoichi.uK]

LS is UK weighted, if that's what you want... personally I switched to the global index.

 

[ci_newman]

LS is UK weighted, if that's what you want... personally I switched to the global index.

Likewise

 

[GeX]

What do you need to know?

If what I’m thinking is right, and where to start. Seems to have been some things mentioned already to look into

 

[Dirk Diggler]

LS is UK weighted, if that's what you want... personally I switched to the global index.

Which particular global fund is that? One of these?

 

[200sols]

Which particular global fund is that? One of these?

Vanguard Asset Management | Personal Investing in the UK | Vanguard UK Investor

www.vanguardinvestor.co.uk

Or

Vanguard Asset Management | Personal Investing in the UK

www.vanguardinvestor.co.uk

 

[Zatoichi.uK]

I chose the FTSE Global All Cap. Accumulation one.

 

[Dirk Diggler]

I chose the FTSE Global All Cap. Accumulation one.

I'm just navigating through the Vanguard site at the moment, and I can't see any information on my child's JISA other than the account number. I would have thought there was a document containing the name, DOB etc.. Are you seeing the same with yours, or am I missing something?

 

[dlockers]

Does anyone have any experience of Junior Stocks and Shares ISAs?
Got a decent chunk of money and want to put it into my kids' (age 2 and 4) savings. They both have savings accounts that money goes into each month, and cash ISAs that birthday/Christmas money goes into it.. but I was thinking about converting the ISAs to Stocks and Shares ISAs as over the time till they're 18 I'd expect that be a better return.

Open with Fidelity; you can access Vanguard funds that aren't even available on Vanguard, and it is 0 fee for under 18s/JISAs.

 

[dlockers]

Anyone else looking at the Nutmeg account they created as the deal through Chase and feeling a little concerned?

I'm showing twelve quid down today

100-12 is still 88 up

 

[Feek]

100-12 is still 88 up

There's still a month to go.

 

[dlockers]

There's still a month to go.

If we lose £88 in a month (i.e. still 0) then I imagine we will be in a much worse situation globally. 10% down on "super safe bonds" would indicate some kind of apocalypse tbh. Best worry if you might win the lottery or something; much more likely.

 

[Burton200]

I save will zopa has been giving good interest rates so far at 3.46 % aer don’t think there’s much better out there so far for a instant saving account

 

[chaparral]

Am surprised to see some people on here have co-op accounts

I always thought the co-op was only in the channel islands

Channel Islands Co-operative | Jersey

We're owned by a membership of over 120,000, so being a Co-op member gives you the opportunity to belong and be part of something bigger!

www.channelislands.coop

Or is the channel island co-op a totally different company

 

[tom_e]

I save will zopa has been giving good interest rates so far at 3.46 % aer don’t think there’s much better out there so far for a instant saving account

Chip at 3.82% is probably the best instant access no hoops to jump through account at the minute