May 31, 20233 yr You don't say which country. Likely to get a better return in a western country. In the UK there are children's accounts that can be run by parents (who then control withdrawals). I was recently tidying up papers and came across a forgotten account for my son taken out at birth (he's now 19). The account had just over £3,000 in it but was paying a paltry 0.5% interest. We just closed it and he's invested the money into a Lifetime ISA. Look at what's on offer in your home country (not Thailand). If it was me doing this again I'd look at some kind of managed stocks/shares investment fund. As it's a long term 15 years+ time frame there is more chance of it growing well and better than an interest bearing account. Although interest rates of 4.5% are now available here in the UK.
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