Do you need the account in the childs name or could you have the account in your name?
Do you have a lump sum to deposit? or just future monthly savings amounts?
10 Year National Solidarity Bond I reckon - worth checking out - if you have a lump sum.
"A child under 16 years of age (as a sole, joint or trust applicant) provided that a parent / guardian gives written
consent."
Thanks guys, my son is only 2. So this is really a long term plan, to save for college, I suppose. I'm only looking into deposit at the moment. Although I know other types of investment might yield better return in the long term.
Hi Ciaran,
When the account is closed, I would have a lump sum. However I will be continue saving monthly amount. It would be ideal, if I can put the lump sum in an account and then monthly amount. It doesn't matter whose name it's under, I'm just looking for the best yield I can get. Most banks offer rates under 3 percent, after dirt, probably only get half the interest. Anpost offer is tax free, but would banks put pressure to government to reduce interest rate?
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