communion money

KAGY

Hi all. Do any of you have an opinion on where to put my daughters communion money (it'll be only a hundred or two depending on whether we deem her wish list acceptable
I'd like her to be able to "see" her money and encourage a saving habit, even thought that will be funded by myself.
So would you recommend the children's accounts in the bank, a credit union account or the post office? Or even an investment account with rabo or the ilk? The money will probably be there for a few years anyway.
Thanks

homer911

I would not suggest an investment account - its not a lot of money but if you want to encourage a saving habit, it wont help if you lose a chunk of it!

If rate is important, a savings cert or bond is the way to go, but it won't be very "visible" http://www.statesavings.ie/Pages/StateSavings.aspx

After that, any account with online access would give more visibility

soc

Rabodirect. Safe, secure & she'll be able to see her account balance growing online.
https://www.rabodirect.ie/personal-savings/on-demand/default.aspx