Fix Deposit in bank for 9 years old?

Presently placing funds in a bank for savings is not the best investment nor will it get the best return on you funds you invest.

There are some educational funds you might consider. If your daughter decide not to attend college, There are other things that the funds might be used for or diverted to as you would see fit.

It would benefit you if you consult with several investment brokers to interview a trader to find out which funds are available to you and which would better benefit you and your goals.You would want to speak of diversity in deciding on any investment vehicle you would want to use.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

If you put it in a bank, what you will get back will be worth less than what you are putting in today. Interest rates are lower than inflation. Put the money into something that stands a chance of keeping track of inflation, even if you opt for something as simple as two or three funds tracking different stock market segments. Personally I would stay away from government bonds, knowing the state of government borrowing.

Bank interest is less than 1%. If you are looking for a long term investment there are better places. Even cd's are low. I am getting 14% doing peer to peer lending.

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