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

Older teenager savings

Mikeeuropa · 2014-09-04 11:30:13

My daughter is soon to turn 16. I notice that many of the "child saver" accounts terminate at this age or within a year at most. Unfortunately, the majority of the "high" interest paying current accounts that, currently, are paying better than savings accounts require a decent salary to be paid into them every month. Can…

Comments

CKhalvashi Posts: 12,134 Forumite

4 September 2014 at 8:29PM

Mikeeuropa wrote: »

Yes, sorry, I meant an amount that was equivalent to a decent salary which my daughters Saturday job doesn't qualify for! But yes, I guess you can get round that with transfers from elsewhere in and out.

Remove cash, replace cash is the easiest way to do this.

Banks will say it's not possible, but it is.

💙💛 💔
0