The Sun.In total you could end up with £6,825 but with stocks and the shares ISA at 5%, the contribution could grow to £8,766.But if that grew to an average of 7%, parents could earn their kid at least £10,831 in the pot.
Essentially if you could bump up your monthly payments to £35, the cash could build with investments growing at 7% to £15,163.
It's important to note that you can't withdraw cash from a Junior ISA account until your child turns 18. Want to bring a little glamour to your life every day with all the most exciting real-life stories, fashion and even sex tips HOT off the press?Well, we've got you covered with our great new Hot Topics newsletter - it'll drop straight into your inbox around 7pm and you can unsubscribe whenever.
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