i ask a question about savings bonds two days ago and never got an answer.

In England we took an endowment for out kids paid afew pound every month and when they were a certain age they paid it out,my daughter had enough for her wedding dress and a few extras for the wedding ,my son put his towards a car,my youngest sons will hopefully pay out on his sixth birthday,for college,the way the credit crunch has gone we are hoping for the best,my husband seems to think we paid in through the years of growth and he should hopefully get his payout,I have no idea about what happens in your country,maybe you should have a trip to the bank and see what there is on offer maybe over the web financial products for kids .savings endoments or something along those lines and see what comes up,Good luck.xx

Check into a 529 Savings Plan. Contributions are tax deductible in most states. The money is invested in Mutual Funds & generally earn a pretty good return. Are better than Savings Bonds.

b]Hello my friend deedeehall Ji,[/b] AS an Indian woman, after we got married, we opened an Recurring deposit in Post-Office After, we became parents, and children started going to school, my hubby used to reward number of smallest coins equal to number of marks obtained by each child. There used to be race among them. In our side, small babies get lot of money as a gift, after their birth. All such money were accounted and kept in Post-office banks. Money was never given to children. Even my hubby, used to get account for house expenses maintained by them at cost of some reward in rotation. Now all that money has grown un-expectedly in huge lump sum. We have lot many Insurence plans for children. SBI-life, LIC and many more can be contacted I sincerely advise, if you have some money, buy real estate. May God bless You and have a great time.