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MyEggNest:
Junior ISAs
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Childrens ISA Low Cost
By Children's ISA
- Managed by Total Clarity Funds - TCF Investment is a new kind of asset manager. They offer a range of low cost, well diversified, risk graded investments.
This product is issued by
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Reviews
Website: Visit the website for this product
Reviewed on 14 May 2012 by becky shephard
Good Points: Safe money for my little one
can go into it if i need to
Bad Points: staff was bit of a pain as i was young,
pretty good would open one again for another chil if i was to have another one. only putting in 10 quid a month which is good as its all i can affford yet it will help towards my little babys future. the staff who delt with me was bit fussy and seemed like she had other things to do, but everyone else did seem lovely. just want to safe for my childs future to give her the best start in life and by doing this i think i will give her the best start in life. pleased i did this.
Website: Visit the website for this product
Reviewed on 14 May 2012 by faye
Good Points: None
Bad Points: None
a really good idea for a great and exciting new start for your children. a wonderful future for them. a good way to start to save money. ithink isa accounts are a fantastic way to save money securely and safely for your childrens and families future. isa in my mind stands for I a great idea S safe and secure and A affordable. i would recomend junior isa accounts to my friends and family and i think it is a good way to invest for the future, my families future. i have an isa in place for my child and its fantastic. x
Website: Visit the website for this product
Reviewed on 02 May 2012 by Joanna Price
Good Points: easy
reliable
safe
Bad Points: absolutely none
absolutely fantastic for people with young children and wanting them to have something when they reach that definative age in late teens. Yu can pay what you like into it and i find it very easy to do. Infact i recommend this as one of the best juniour isa's on the market at this current time. I shopped around at halifax, natwest, hsbc etc and only found a reliable, friendly bank here. Any questions or queries they answer when you set up the account and look they even give u a free rattle for a review . Best idea i have invested in.
Website: Visit the website for this product
Reviewed on 02 May 2012 by Miss C Vallente
Good Points: Easy to use and accessable. Clear information about the service they provide,easy to take money out.
Bad Points: Low interest rate
Generally a good ISA it is easy to use and the information they provide is clear and easy to understand with no frills. It is a basic isa but does the job, just has a low interest rate thats the downside, but looking around at different childrens isa's and accounts this one seems to be very similar and intersest rates seem to be set low for all/most childrens accounts. There is a limit to how much you can put in a year, but it is realistic and reasonable to say that it's unlikely you would put more in it than the maximum limit. Generally a good isa.
Website: Visit the website for this product
Reviewed on 02 May 2012 by Jade Blakiston
Good Points: accessible
Bad Points: none
this account was accessible and easy to use it gave me all the aspects i was looking for in a n account. it provides all the different areas and is accessible and easy to use the money was safe and i would recommend it to anyone who wanted this sort of account. there is a complete peace of mind concerning the money, it is fantastic for children and allows them to withdraw some money at specific ages or keep the full amount in until it expires. it teaches children the value of money and is a fantastic product. brilliant and exactly what it says on the tin
Website: Visit the website for this product
Reviewed on 12 Apr 2012 by Adam Galloway
Good Points: Easy to use and great value.
Bad Points: Hard to find information.
I love the Childrens ISA - Low Cost Junior ISA most of the time for my children, but recently the staff have been not helpful in providing effective information about the Childrens ISA - Low Cost Junior ISA! At the moment I have an adult isa, i shut it down the other day because my financial situation has changed and the bank says they already owe me interest! It would have beenalot more if i had kept it open for the 5 years i inttended to but even for shorter periods of time it was still worth doing! Very Good!
Website: Visit the website for this product
Reviewed on 09 Mar 2012 by Michelle
Good Points: Im getting one wen my babys born its a gd way of saving knowing yu wont b tempted to spend it and i think yu can start from just £10 a month. Im going to put the child allowance in there so she ll have it wen shes older
Bad Points: I suppose the only bad thing is yu cant take the money back out (well yu can) but then ur just using up ur tax free allowance
Overall i think an isa is a good idea yu dont get taxed on ur savings up to your allowance and the interest isnt bad either just make sure yu dont put too much in so yu dont have to take it back out again atm i have an adult isa i shut it down the other day because my financial situation has changed and the bank seys they already owe me interest! It would have beenalot more if i had kept it open for the 5 years i inttended to but even for shorter periods of time it was still worth doing
Website: Visit the website for this product
Reviewed on 24 Feb 2012 by shalice walker
Good Points: None
Bad Points: None
its good as i can save for my son and i cant touch it so as he gets older hes got money to give him a good start in life for the thing he needs to give him a good start in the future and to do anything he wants with which i can say that ive helped him in every way and he can see ive done the same so he will a much more happier child when he sees i have thought of him as he grows older so i cant wait for him to see how much hes got when hes older
Website: Visit the website for this product
Reviewed on 23 Feb 2012 by Mrs Murphy
Good Points: Easy to transfer money into
Good way to save for child's Future
Tax free way of saving
Bad Points: Very complicated!
i had never really thought about opening any type of savings account until a friend of mine suggested it was the best way to store money that i received for my child as gifts opposed to just spending it on bits and pieces and never really knowing where the money actually went. I foudn the experience very daunting to be honest with the staff either talking down to me when i didnt understand or patronising me when i asked them about certain issues (such as the tax issue)Overall I think it is well worth opening but go with a bank that your trust and already bank with opposed to just trying the latest "offers and deals"
Website: Visit the website for this product
Reviewed on 21 Feb 2012 by donna rowley
Good Points: Great for learning the little ones how to save for the things they want.
Bad Points: ccessing the money when they want it
I adore this as my children are now learning how to save for not only things that they want but also for their future. They love watching the amounts growing in front of their eyes and planning for the things they want, they both think they are having a race at the moment to get enough money for a mini haha their choice in car at the moment and they keep asking howmany more times do they have to put money in until they get enough, we have also started giving them a small treat every time they reach a certain amount which is always something they enjoy.
Website: Visit the website for this product
Reviewed on 21 Feb 2012 by sian jones
Good Points: easy to open
Bad Points: None
good interest and easy to open the account. Good way of making sure in this gloomy financial struggle we live in that youre little ones future will be secure.
You dont need much to open the accound and can put as much or little as you want in each month. We put all of the little ones birthday and christmas money in and it soon adds up.
I have not tried to open many accounts as i find it easier to just keep tracj of one account, but im sure the others are just as easy, some give you mony as an imncentive to open the account.
Website: Visit the website for this product
Reviewed on 05 Feb 2012 by Zoe Coen
Good Points: I finally got around to doing my sons trust fund, Its great to put some money away for him for the future Which i found myeggnest very useful and easy to use
Bad Points: non so far
One thing i found is that myeggnest only shows reputable companies so i know my money is in a safe place. The fund was easy to set up and I contacted the company on a couple of occasions for further information and I found staff to be friendly and more importantly knowledgeable to help me choose the right one for me. They helped me set up a regular direct debit payment which i have east access to the account so i can change the amount that is going into the account depending on how my circumstants. I am very pleased with their service and i would recommend this fund.
Website: Visit the website for this product
Reviewed on 03 Feb 2012 by kelly burgis
Good Points: very good interest rate.
Bad Points: cant withdraw till they are 16
I was very happy with low cost junior isa..for investing for son for the furture,I was interested in the interest rate aswell.I will also do this fo daugther aswell.I also thought that the staff was very friendly to and good customer service.I would recommed this isa to any parent that wish to invest in there child furture,we also have a child tax fund to for my oldest son.when they had the child tax fund out in 2007.I would also buy a child tax fund for daugther soon.as i think its a good idea for any child to have for the furture,.
Website: Visit the website for this product
Reviewed on 03 Feb 2012 by claire griffiths
Good Points: the child can only access when 18 years old
free of tax
don't have to maintain monthly payments or make any additional payments if you don't want to; but, as the money is invested in stocks and shares, you should expect the money to remain invested for at least five years.
Bad Points: Annual Management Charge of 1.5%
could get back less than you paid in
limited to £3600 per year
these are good if you would like to take the risk with your childrens money ie in stocks and shares but you have to understand that you may pay more money into the account than youir child will receive back due to the ups and downs on the stocks and shares market. i think its good your child can not access the account until they are an adult as then they cannot just spend the money on rubbish. this would make a good university fund for books course fees etc. good thing for those who were unablr to get a child trust fund account
Website: Visit the website for this product
Reviewed on 25 Jan 2012 by Alison Kieras
Good Points: Very good help
Bad Points: It was complicated to understand
I am very happy that people have the time and effort to help me out when i needed it most. I now have a saving account that i can use when i feel necessary to do so. I shall write a letter to the company thanking them for helping me and i shall recommend other people use your service. If you have any contact details that i could use i would be happy to take them. If you could let me know as soon as possible i would be more than happy.
Thank you for your help yet again. Please let me know as soon as you can.
Website: Visit the website for this product
Reviewed on 23 Jan 2012 by B Alao
Good Points: Easy to understand
Interest free
Great savings tool
Bad Points: None
It's really easy to understand and to manage. It helps to teach my daughter the importance of saving. Its interest free so you can build up a really nice nest egg for her future. Its a really great product and idea for children and families. In this auster times it's important to have a savins plan for a rainy day. The staff could have been a bit more helpful but I already knew what I wanted so this made the process easier. My advice is to have one for each child, then ask family and friends to add to it.
Website: Visit the website for this product
Reviewed on 11 Jan 2012 by Andy Nichols
Good Points: friendly staff
easy to set up
Bad Points: cant think of any!
Very easy to set up and a great idea for any new little ones in your family. Staff are always very friendly and the whole experience was very easy to complete. With the current state of the british economy everyone is feeling the squeeze and who knows what may happen in the future, so it is really good to be able to provide a secure savings plan to ensure your kids will not be burdened by significant money troubles in the future. I would recommend this to anyone looking to provide a little security and invest in their childrens future.
Website: Visit the website for this product
Reviewed on 09 Jan 2012 by steph jones
Good Points: easy to use
Bad Points: none
i found it really easy to open use and i find the updates and statements very useful it was very easy to gain information and i think its a very good investment for my little one for the future im looking forward to doing business in the near future and im so glad i chose this plan...the application process was very straight forward and it didnt take long to sort out and customer service are very helpful i got the application very quickly and it was done and sorted in a reasonable time without and problems ot delays thankyou so much for your service
Website: Visit the website for this product
Reviewed on 08 Jan 2012 by Karen Singh
Good Points: Low Interest
Easy Monthly Saving Plan
No Minimum Amount Needed
Save More As The Years Go By
Good For The Childs Future E.g University Fee's, Moving Out, Buying Their First Car
Can Only Be Accessed After Child Is 18
Bad Points: Only 3000 Allowed To Be Deposited Yearly
Fixed Interest Rate
Can Be Managed By Parent But No Money Can Be Withdrawn
Low Interest
Easy Monthly Saving Plan
No Minimum Amount Needed
Save More As The Years Go By
Good For The Childs Future E.g University Fee's, Moving Out, Buying Their First Car
Can Only Be Accessed After Child Is 18
Only 3000 Allowed To Be Deposited Yearly
Fixed Interest Rate
Can Be Managed By Parent But No Money Can Be Withdrawn
Only 3000 Allowed To Be Deposited Yearly
Fixed Interest Rate
Can Be Managed By Parent But No Money Can Be Withdrawn
Only 3000 Allowed To Be Deposited Yearly
Fixed Interest Rate
Can Be Managed By Parent But No Money Can Be Withdrawn
Only 3000 Allowed To Be Deposited Yearly
Fixed Interest Rate
Can Be Managed By Parent But No Money Can Be Withdrawn
Website: Visit the website for this product
Reviewed on 19 Dec 2011 by zoe
Good Points: easy to understand easy to set up hassle free
Bad Points: none that i can think off
i think in this current climate it is so important to protect your childs future. school free university free are all on the rise and putting a little amount of money away each months is priceless. we dont know whats round the corner but if doing this is one less thing to worry about then it is so worth it. even if my childs decides to be a cleaner when shes older i dont mind aslon as she has been to uni first just to have a back up plan she can do what ever she wants, and saving for her over the nxt few years will gaurentee that
Website: Visit the website for this product
Reviewed on 28 Nov 2011 by adelle jones
Good Points: None
Bad Points: None
since the scrapping of the child trust fund earlier this year. the gornment have then recently announced that the new juniour isa is to be introduced on the 1st of nov 2011. this new junior isa is meant to be designed to provide us an opportunity to gradually add up cash into these accounts over a certain amount of years.it is also a taz free amount of money that you gradually add up. any body can contribute to this to the junior isa from families, friends, relatives, siblings, parents, and this can be a contribution of any amount they wish to add on. the money from the junior isa cant be used for any thing whatso ever until the child reaches 18. but when the child does reach 18 they can use the savings on any thing they seem fit to spend it on.
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