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Premium bonds? Not the most amazing return but safe and there's a (very small) chance you'll have million win.
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Premium Bonds is the obvious and easy option.
Adding money is easy (£25 minimum), winnings can automatically be reinvested, money is safe as houses.
The down side is that £1000 in 2040 compared to 2019 isn't going to go as far.But then someone wins a million bones every month, why not TrunkieJr.
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Stick it a junior isa..choose an index fund and it will produces regular dividends and appreciate in price over the long term
Key is to make sure fees are low.
Warren Buffett school of thinking.
I would only do surplus in premium bonds the return and chance of winning is too poor. -
@Doctor_Cake sorted our kids junior isa
She might have suggestions.
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@Trunkie
I’m a new parent and my son has been gifted £1000 by my grandmother. I’d like to invest it for him, along with future gifts (but not necessarily regular monthly deposits). Where should I be looking? Junior investment isa?