My wife and I are looking to put some money away on a regular basis for our new born, and her birthday money we receive for her from family etc will also be put away for her.
As the interest rates at the banks are terrible for saving I was wondering if there was any other options the would be more beneficial?
I know of sharsies, perhaps this could be the go, or the other option could be talking to an investment broker and setting her up some sort of portfolio similar to kiwisaver, but not kiwisaver so she can take it out before retirement age. Although the second option might be more difficult when it comes to putting money in and keeping an eye on the balance etc? then there is the possibility a broker may not be interested in setting us up with a portfolio for an account which will only be trickle feed as there would be less commission for them?
Any ideas would be great!