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!
Good teenage investment account
Frith
Posts: 8,797 Forumite
I've been using the Halifax 6% saver account for my older son, paying in £100 a month for just over 2 years.
At the end of each year, the money is "syphoned" off and goes into a normal Halifax account (very low interest).
With just over £2000 in the "normal" account, does anyone have any suggestions where I could move it to with a better interest rate?
Son is 16 now so it would only need to be for another 1.5 years.
Thank you.
At the end of each year, the money is "syphoned" off and goes into a normal Halifax account (very low interest).
With just over £2000 in the "normal" account, does anyone have any suggestions where I could move it to with a better interest rate?
Son is 16 now so it would only need to be for another 1.5 years.
Thank you.
0
Comments
-
In addition, I have just read (had no idea!) that the old Child Trust Funds can now be moved. My younger son has one (about £1000 in, if I remember right) so I also need to find somewhere better to put his money.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards