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This seems like good option, right now I'm thinking something like this where I can keep hold of it until he's say 25 or set a savings account up in my name and just transfer it to him when he's mature enough?

I done the same when I was 18, such a waste.

Wonder if anyone on here can give me some advice. Have just had our first child and want to put some money away into an account for him each month, so he's got some savings for a deposit or what ever. I've had a look around but I think if we opened an account in our sons name, it automatically...