High Interest Savings account help

mae

My son is trying to open a high interest savings account so I looked on the main site and we decided on the Sainsburys 6.25% online account but as we started we realised you have to be 18. He is 16, can anyone recommend a bank account for his savings that is high interest please??

Thanks

mae

Anyone?? I've still ben looking and they all seem to stipulate 18 years old. How should a 16 year gain the most interest? He has about £1000 and hopes to add more.

Thanks in advance

Crown

Hi Mae, you would get a lot better advice/Response if you post it in the Saving Account Forum what can be found at

http://forums.moneysavingexpert.com/forumdisplay.html?f=17

mae

Thanks I'll post in there

Gemmzie

Just to add, he can get a mini cash ISA at 16, not sure if they'd give the highest returns but the tax free interest is always a good idea

postingalwaysposting

Gemmzie wrote: »

Just to add, he can get a mini cash ISA at 16, not sure if they'd give the highest returns but the tax free interest is always a good idea

i second gem, much better than a normal saver, also there are quite a lot on the market with high interest