We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Good rate for a 17 year old almost 18
savemoney
Posts: 18,125 Forumite
My daughter has 5k to invest. She is a student and she wants a reasonable return, currently she has a Abbey account I think it pays less than 0.5%. She doesn't mind in being tied up but if worse comes to worse, she can get at it, obviously I realise there is a penalty. I doubt she will use money for at least a year as we support her, she is disabled
Oh most of the money is savings when she was a child, she rarely spends money
Oh most of the money is savings when she was a child, she rarely spends money
0
Comments
-
A fixed rate ISA and a fixed rate bond will give the best rates, might be harder to get under 18 though.0
-
Most ISAs you can get when you are 16, S&S obviously you can't. So you are saving the money, not investing.
However there are loads of good rates:
http://forums.moneysavingexpert.com/showthread.html?p=4603369
For best ISA rates.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards