Best place to start savings fund for newborn

[HappyBudda]

Hi all. Would like some advice on where to start a savings fund for our newborn. Something preferably high interest as it will not be removed for years. Probably prefer a deposit account somewhere we can put money in at birthdays,xmas etc.

 

[CCOVICH]

If it's for the long-term, a unit linked fund may be a better idea. Many existing threads in saving/investing for children/saving child benefit can be found by using the search facility.

 

[philips]

There is an article entitled Junior Savers in the Finance section of the Irish Independent today which may be of interest to you.