Help with best place to invest £5000

[MASS1961]

I have approx £5000 to invest for when my daughter reaches 18 in 2 1/2 years.
I have been trawling so many websites I needed a break and thought someone on my favourite site may have some advice? Please...............Thanks

[stokemaveric]

isa........

[shoota]

Premium bonds

[ladybirder]

With things so volatile I agree. A fixed term ISA will get you a better rate.

[LoftyLottie]

Agree, a Cash ISA would probably be the best bet. And it's safe.

[parkie]

I know a fixed term ISA with Dunfermline (Nationwide) at 3.75% for 2 years gives you a good return. You could Google ISA's and see which one gives you the best value for money.
If you wanted to invest the whole lot in an ISA you could then put half in one name and half in another to overcome the maximum amount you can invest. I'm not sure what the max is now).

[Zacs-Master]

Under the matress.

[Jeza]

Bonds with Building Society's are a good investment. No risk. you are guaranteed a fixed amount. If the market rises you get more

[MASS1961]

Thanks All,

I think a Junior ISA will probably be the best route but that leaves me with £1400? Unless parkdale I find 'another daughter' !
I'll have a look at Dunfermline tomorrow.

Zacs, with interest rates low and inflation rising, that is not a bad suggestion!

Jeza, can I do the Building Society Bonds in my daughters name?

[Jeza]

Mass. As long as you have her NI number. Speak to your BS or any BS for that matter.

[MASS1961]

Thanks Jeza, she is only 15 and hasn't had an NI number issued yet. It's imminent I think so i'll bear this in mind for when she's got one.

[Sqad]

£5,000.........teenager........lousy interest rates....go for the monthly excitement of Premium Bonds.

I agree with shoota.

[robert551069]

I held £20,000 worth of Premium Bonds for a few years, but only occasionally won £50.
I agree, however, that the thought of winning a large sum at the beginning of the month is exciting.

[boxtops]

No guaranteed return on PBs though, and for most of us, £5k's quite a lot of money.

Have a look at your own bank, see what offers on ISAs there are for existing customers - Nationwide is offering 4.4% on an 2012-13 ISA for existing customers only.

[TWR]

Barclays Bank, D.Cameron, they can increase that in a jiff Mass lol Seriously, ISA

[MASS1961]

Amazing when you review old posts,
Update.
I've decided to invest the money in a junior isa until she's 18. Only 3.25% but if I open one, which I will for £1 for now and top it up later, her interest rate goes up to 6%

Thanks for comments