Best saving accounts for babies

Has anyone thought to open a savings account for their baby yet? Are there any good options? I heard Junior ISA might be better than a regular savings account, anyone know much about it? Just looking to add £10 or so per month really until she's grown up

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I have opened mine a savings account but looking at doing an isa as well

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I’ve opened a One Day account with YBS for my baby x

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I found there aren't many children's savings accounts you can open while they are this young that can be managed online, Halifax is one of the only ones so I've gone for that.

To be aware with a Junior ISA the money is locked away until your child turns 18 and then the money is theirs to do whatever they decide. These are good summaries on both options

https://www.moneysavingexpert.com/savings/junior-isa/

https://www.moneysavingexpert.com/savings/child-savings-tax-free/

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We’ve opened a Junior ISA for our son. When he’s older we’ll open a kids saver account that he can access and transfer half into the ISA and half into the saver. The ISA’s currently have relatively decent interest rates x

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We have opened both our son & March 22 baby a Junior ISA with Nutmeg

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Lloyds bank, you can open a child saver account with them, once your child turns 16 the account automatically changes to an adult easy saver ☺️

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We have opened a junior ISA with NS&I.

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Have opened a S&S JISA with HL and planning to open a cash JISA with TescoBank (expected to be taken over by Barclays I believe, come November) x

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Family culture difference on money

Sorry this is long, I hope some of you get to the end and give advice!!!

So I’m a very thrifty person, things are tight at the moment, the cost of living crisis and my house is heated by oil so things are extortionate. We aren’t on the bread line but we aren’t flush, hubby might be made redundant so there is some financial pressure.

Sometimes I buy my sons something nicer, on the justification that I can sell it on after (♥️ vinted ♥️). I have also been planning on pretty much breaking even most of the baby things I bought from face book market place, side by crib, baby changing unit, etc.

Hubby and I have different money cultures with our families (he’s Indian, I’m British). I’m my family we don’t mix money, we would help each other out if someone was in trouble and will get each other gifts on special occasions. With hubby’s family money is much more fluid, they will give each other things worth thousands of £ just because.

Hubby’s brother bought him a new laptop and a new Google phone, he’s been very generous to hubby. Hubby hasn’t given the same back because brother is much richer.

Hubby and I mostly share finances. If it’s relevant I’m the higher earner.

Now to the point! My babies are so cute they’ve given hubby’s brother (currently single) baby rabies. He’s asked for our baby stuff when we’re done with it. He’s been so generous to hubby I feel really stingy saying no. But I’d never have bought some of the stuff if I wasn’t going to get a return on it - the thought makes me a bit anxious. If we gave all our baby stuff given the second hand value it still wouldn’t equal what the brother had given hubby.


I thought maybe I could give him some stuff but sell some stuff, but hubby said then his brother will just have to go out and buy that stuff, so I should name my price and ask his brother for the money. That makes me feel very uncomfortable, given how generous the brother has been to hubby.

So what do I do ladies? Give it all and suck it up? Give part of it and sell parts on Vinted/FB, or ask hubbys brother for money for it and be uncomfortable? Or do you see another solution?

No one is being entitled or rude here, just a culture difference I need to navigate.

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