Baby daughters savings

[chippy]

Hi everyone,we have opened an high interest savings account for our baby daughter,child benefit,money gifts etc are deposied into her account.My question is would anyone know of a suitable long term investment plan that would benefit our daughter in the long run.Any answers gratefully received,Chippy

 

[Lightning]

Are you looking for a term deposit that covers 3-5 years or an investment product?

 

[chippy]

Are you looking for a term deposit that covers 3-5 years or an investment product?

Hi Fungus,yes i was thinking along the lines of a long term investment.Any advice appreciated.Chippy

 

[oldtimer]

There is another thread running in this forum at the moment ' savings account for a child' which might be of help.

 

[Lightning]

Hi Fungus,yes i was thinking along the lines of a long term investment.Any advice appreciated.Chippy

Your options for savings accounts ...
5 Year Term Deposit: Best on offer is 4.27% with First Active
3 Year Term Deposit: Best on offer is 5.00% with Anglo Irish
On Demand deposit account: Best on offer is 5.50% with Anglo Irish

 

[chippy]

Thanks guys for your help.Chippy

 

[ClubMan]

For a long term investment you should at least consider non deposit options. This topic is covered in many other threads already.