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    • fuzzgun19
    • By fuzzgun19 10th Jul 17, 3:25 PM
    • 7,027Posts
    • 58,180Thanks
    Any interest for 18yr old with 5k, no hoops?
    • #1
    • 10th Jul 17, 3:25 PM
    Any interest for 18yr old with 5k, no hoops? 10th Jul 17 at 3:25 PM
    My 18yr old has a Natwest adapt, a Nationwide flexone, and Nationwide junior ISA.

    Now the NWide have matured, he has about 5k sitting there with next to no interest.

    I was hoping Tesco still had their account, but it looks like you now have to jump through hoops to get the interest.
    He has just started employment.

    Probably a silly question, but I was hoping there was a basic account he could just have the 5k sit in.
    I Hate Jobsworths!!!
Page 1
    • xylophone
    • By xylophone 10th Jul 17, 3:36 PM
    • 24,880 Posts
    • 14,612 Thanks
    • #2
    • 10th Jul 17, 3:36 PM
    • #2
    • 10th Jul 17, 3:36 PM
    Can he open a Nationwide Flexdirect? (£2500).

    He might then open a Flexclusive saver.

    He might open a couple of Tesco savings accounts for DD purposes.

    He might open a BOS Vantage account (use Tesco savers for DDs) and deposit £2500.

    He could cycle in/out the required monthly £1000 to Flexdirect from the BOS account.

    He could transfer the cash from the Flexdirect to BOS at the end of the 5% year.
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