WE’RE TOPPING UP THEIR JISAs

SAM Lord and his wife Sally opened Junior Isas for their first set of twin boys, Charlie and Jack, now six, soon after they were born. Sam’s mum thought the accounts would be useful for Christmas and birthdays when family members wanted to give the children money. She already banked with the Coventry Building Society and discovered its Jisas also offered a top variable rate of 3.6 pc. When the couple’s second set of twins, Gregor and Joe, three, came along, Sam opened two more accounts with the society. And over the years, the boys’ grandparents have all paid into the account, transferring between £50 and £100 each birthday and Christmas. Sam, an environmental consultant, and Sally, a clinical psychologist, also add to the Jisas. While they do not regularly check the balances, Sam, 39, says that, the last time he looked, each of his sons had more than £1,000 saved. The Lords, who live in the Scottish borders, know their children will be able to access their money when they turn 18, and Sam adds: ‘We think Jisas are a great way to save. They’re also really useful for birthdays and Christmas, as friends and family can pay into the boys’ accounts and help build up a savings pot for their future.’