Best account for 15 year old

What is best account for 15 year old who has £3000 and regularly saves £10 per week? Doesn't mind if money is tied for 3 years but would like access once 18.

Comments

  • regularsaver1
    regularsaver1 Posts: 4,930 Forumite
    sounds like a good 15 year old saver to me
  • Kilty_2
    Kilty_2 Posts: 5,818 Forumite
    Wait till 16 and put £3000 into a Cash ISA.

    Put the rest into an Internet Saver with Yorkshire Building Society (also need to be 16 to apply). 5.15% gross, ATM card too.

    For day-to-day banking open an account with Halifax/Bank of Scotland. Low interest rate but more facilities than anywhere else (debit card, online banking) Can apply for that at 15 no problem.

    :)
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