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savings for under 25's non-students
julieade
Posts: 7 Forumite
can anyone advise, I have an 18 yr old daughter in her first job and looking to start saving. LISA look a good deal if she's hoping to eventually get a house but she'll have to wait until June if she wants to start a cash-LISA. She really needs something to start her off with a good rate of interest and flexibility, I've looked at Santander 123 for her (I have one and find it's great for me) but wasn't sure if she would manage the £500 minimum each month as she's a low earner also doesn't really have any DD, although I'm hoping she'll start paying for her own mobile phone now! Any suggestions, recommendations?
0
Comments
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wasn't sure if she would manage the £500 minimum each month
The cash can be cycled in and out again immediately. She might pay in £200, withdraw it, pay it in again and withdraw it etc....
The TSB plus account might suit her. DDs are not required to earn interest but if she has a couple there's cash back on offer.
A couple of Tesco Savings accounts would enable her to set up DDs to pull from the TSB Plus account.0
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