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NewBorn Savings Account

  • 20-02-2017 9:59am
    #1
    TENHNY
    Registered Users, Registered Users 2 Posts: 91 ✭✭


    Hi

    What is the best hassle free account to open for a newborn
    that recieved alot of cash presents, as a lot of new parents
    time is off essence so looking something safe and hassle free?
    What do i need to open account under baby name
    Thanks


Comments

  • #2
    EverythingGood
    Registered Users, Registered Users 2 Posts: 2,003 ✭✭✭EverythingGood


    We opened 2 for our daughter 10years ago - one with my own bank (AIB at the time) and I have a direct debit going monthly into that, But we also opened a post office savings account, no standing order/DD into this, but we go regularly into the PO with her, so she gets into the habit of handing over he own savings and seeing the balance grow.

    State savings are also a great option, we have a few lump sum savings certs with them, but you can also set up a regular plan with them from your childrens allowance.


  • #3
    machalla
    Registered Users, Registered Users 2 Posts: 1,523 ✭✭✭machalla


    I asked a similar question over here recently if its of any help.

    http://askaboutmoney.com/threads/savings-account-for-newborn.202502/#post-1505700

    An EBS Childrens saving account was suggested along with some other options.


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