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
Invest for 16 year olds
rosswilliams99
Posts: 1 Newbie
What is the best way for a 16 year old to invest a lump sum of £5000?
0
Comments
-
You can get 3% on all of it with a Santander 123 mini and a nationwide smart limited access saver, I don't think you can higher interest rates at that age.0
-
JISA with Halifax ? £4080 now and the balance after April 5.0
-
The below link from Which for the best accounts for Under 18's might help?
http://www.which.co.uk/money/bank-accounts/reviews-ns/bank-accounts/childrens-bank-accounts/0 -
Do you want to invest or save? Investing is 5-7+ years, saving is near and mid term. The responses so far all assume you want to save, even though you said you want to invest..............0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards