Teenagers savings

dippedy

Hi
My 14 year old daughter has finally been awarded compensation for injuries received when she was run over by a car :j . She now has £3000 which she would like to save for when she is old enough to start driving. Can anyone help me find the right kind of place to put her money in order for it to make as much interest as possible for her?
Thanks in anticipation
Dippedy

Lokolo

Not quite sure why you're jumping up in joy from her getting run over. However assuming she doesn't pay tax through earnings (and at 14 I should hope not), she can fill in an R85 form to get tax free interest.

https://www.moneysupermarket.com/savings for the best rates.

dippedy

Well, we were actually jumping for joy because it's taken 2 years for her to get the compensation money and this means we can finally draw a line under the whole debacle and move on. It's caused her a lot of stress over the past 2 years and we're just glad that it's now over and done with.

McKneff

I think that the:jshould be after the £3000 and not where it is.

dippedy

that would imply that we only care about the final figure which would be untrue. I'm most dreadfully sorry if my emoticon etiquette is not up to your rather exacting standards and will refrain fromusing them in any further postings

McKneff

No need to be so pompous or defensive, the first emoticon implied that your were jumping up and down because your daughter had been run over by a car whey whey.

dippedy

I don't really see how me defending myself from your assumptions is pompous and that was certainly never my intention. I merely pointed out the meaning behind my initial post in my first reply at which point you became involved (rather unnecessarily) and decided to post a reply which had absolutely nothing to do with the topic I actually required help with. I assumed this could be somewhere I could get some impartial advice regarding finances as opposed to a forum where I could learn to use emoticons correctly. Obviously I was mistaken and will now seek advice elsewhere

agsnu

Man, people here need to lighten up.

McKneff

agsnu wrote: »

Man, people here need to lighten up.

absolutely, another pp