Which Bank Account for My Under 16 Year Old?

Windsinger

Hi All, am new to this and apologise if this question has already been raised and answered! My (nearly) 15 year old daughter has a job and would like to open a bank account. Are there any 'deals' on ie money back offers etc, or pitfalls we need to be aware of? Any info would be greatly appreciated!

jambosans

There's a couple, you just have to look around, see which one best suites your daughter's needs.

Couple of examples:
Lloyds TSB - Under 19s account. Decent rate of interest (2.5% AER) and a Visa Debit card.

NatWest - Adapt account. Pays 1.5% AER and comes with a customisable debit card.