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Buying Premium Bonds for a 16 year old
Comments
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He could open a Santander mini with a decent interest rate and a debit card...
http://www.santander.co.uk/uk/current-accounts/123-mini-accounts/123-mini-current-account
Not a bad little account, I seem to recall getting buttons interest on my first bank account. Or maybe it just seemed like that to my 12 year old self
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Archi_Bald wrote: »I don't think a 16 year old does not need a current account just because he is still at school. Learning how to use a current account should be part and parcel of what kids learn before they leave school.
Too right. Kids can have them from 11 and both mine have done so. Important for them to start to learn about handling money and having a bank account that their pocket money is paid into.Remember the saying: if it looks too good to be true it almost certainly is.0
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