Saving for your kids and frustrated with the interest rates being paid by the banks?
Like most parents (and grandparents), you may regularly be putting money aside for your kids to give them a head start in life.
Perhaps it’s to help them buy their first car and give them a taste of independence. Maybe it’s to fund their overseas travels so they can discover the world and find their place in it. Or maybe it’s to help them buy their first property and start their journey to financial independence.
Whatever the purpose you have in mind, it’s still a long way off.
And while the amount of money involved might be modest at the moment, you want it to work just as hard as your other investments.
You know that putting the money into a savings account at the bank earning 1.5-2% (if you’re lucky) just isn’t going to do much over 10 or even 20 years.
But are there any alternatives that are simple to manage and aren’t going to be eaten away by fees?
The short answer is: Yes there are, and we can help you find an option that’s appropriate.
And if you are a client of Knightswood House, our advice on your children’s money will be free of charge.*
*We reserve the right to charge an advice fee on amounts above $100,000.