[GavinR35]

My daughter is due to receive some inheritance money however she is not quite 18 years old yet so it needs to be held in trust. Can I open a Tesco Savings account in my name as trustee of my daughter until she turns 18 in July 2024 ?

[ChristopherP]

@GavinR35 Hey there, thanks for getting in touch. You would be able to open a Junior ISA - a cash savings account for children.

You can read about this type of account and apply here.

Please let me know if you have any further questions 😊

[GavinR35]

A junior ISA is not ideal as the inheritance is more than the £9000 maximum investment.