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  • FIRST POST
    • poshandspecs
    • By poshandspecs 15th Jul 17, 10:51 PM
    • 54Posts
    • 17Thanks
    poshandspecs
    Best current and savings accounts for just turning 18 year old
    • #1
    • 15th Jul 17, 10:51 PM
    Best current and savings accounts for just turning 18 year old 15th Jul 17 at 10:51 PM
    Hi,
    Looking for recommendations please for a current and savings account for our daughter as she is about to turn 18 and her JISA will finish (she is lucky enough to have £20k in savings).
    Last edited by poshandspecs; 16-07-2017 at 8:54 AM.
Page 1
    • xylophone
    • By xylophone 16th Jul 17, 9:39 AM
    • 22,869 Posts
    • 13,228 Thanks
    xylophone
    • #2
    • 16th Jul 17, 9:39 AM
    • #2
    • 16th Jul 17, 9:39 AM
    TSB under 19 account?

    http://www.tsb.co.uk/current-accounts/under-19s-bank-accounts/

    Consider LISA?

    http://www.moneysavingexpert.com/savings/lifetime-ISAs

    http://www.thisismoney.co.uk/money/article-1583859/Best-savings-rates-General-savings-Internet-branch.html
    • poshandspecs
    • By poshandspecs 29th Jul 17, 8:32 PM
    • 54 Posts
    • 17 Thanks
    poshandspecs
    • #3
    • 29th Jul 17, 8:32 PM
    • #3
    • 29th Jul 17, 8:32 PM
    Unfortunately the TSB under 19 account has to be opened before their 18th birthday. Any others suggestions gratefully received! Thank you.
    • greatkingrat
    • By greatkingrat 29th Jul 17, 8:57 PM
    • 41 Posts
    • 45 Thanks
    greatkingrat
    • #4
    • 29th Jul 17, 8:57 PM
    • #4
    • 29th Jul 17, 8:57 PM
    Depends what her plans for the money are really, eg uni fees, flat deposit, or longer term investment.
    • xylophone
    • By xylophone 29th Jul 17, 9:31 PM
    • 22,869 Posts
    • 13,228 Thanks
    xylophone
    • #5
    • 29th Jul 17, 9:31 PM
    • #5
    • 29th Jul 17, 9:31 PM
    She is in further education?

    http://www.barclays.co.uk/current-accounts/young-persons-account/
    Last edited by xylophone; 29-07-2017 at 9:36 PM.
    • blue_eyes
    • By blue_eyes 29th Jul 17, 9:51 PM
    • 243 Posts
    • 211 Thanks
    blue_eyes
    • #6
    • 29th Jul 17, 9:51 PM
    • #6
    • 29th Jul 17, 9:51 PM
    Without wishing to challenge your assumption, the tsb website suggest being 18 qualifies:
    "To open an Under 19s Account, you must be aged between 11 and 18"

    http://www.tsb.co.uk/current-accounts/under-19s-bank-accounts/
    • greenglide
    • By greenglide 29th Jul 17, 11:30 PM
    • 2,840 Posts
    • 1,819 Thanks
    greenglide
    • #7
    • 29th Jul 17, 11:30 PM
    • #7
    • 29th Jul 17, 11:30 PM
    Which can be quite reasonably interpreted as 12-17.

    It needs to state whether these are inclusive or even "between the 11th and 18th birthdays" which , to me, would include the 18th birthday but not the day after.
    • poshandspecs
    • By poshandspecs 18th Aug 17, 9:16 PM
    • 54 Posts
    • 17 Thanks
    poshandspecs
    • #8
    • 18th Aug 17, 9:16 PM
    • #8
    • 18th Aug 17, 9:16 PM
    Unfortunately went in to the local TSB branch and 18 or over does not qualify. In response to above, would like to invest a portion of her money long term for house deposit and the rest in easy access saver account. Thanks for your time
    • xylophone
    • By xylophone 19th Aug 17, 12:40 AM
    • 22,869 Posts
    • 13,228 Thanks
    xylophone
    • #9
    • 19th Aug 17, 12:40 AM
    • #9
    • 19th Aug 17, 12:40 AM
    If she is in further education Barclays should do for the current account, LISA for house savings and as for easy access savings

    http://www.thisismoney.co.uk/money/article-1583859/Best-savings-rates-General-savings-Internet-branch.html
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