Account for 17 year old

lulanewdog

My 17 year old has a Santander Kids account which has £2000 (max for interest payments). She has a HSBC account which is just short of £3000 (max for interest payments). She needs to set up another account for when the HSBC is maxed. I'm having trouble finding a good rate of interest elsewhere for her as some accounts only go up to 17 years (Halifax) and many other kids accounts are Regular Saver accounts - she does have a part time job but is not a 'Regular Saver'. She can't open many adult accounts as you have to be 18, and anyway, the 'regular saver' element comes into play again! KRBS at 2% looks OK, but is that the best? She can lock things away for a year, but no longer than that....and her ISA allowance is already used. Any advice gratefully received!

System

Nationwide FlexOne? It only pays 1% but once she is 18 she can benefit from other Nationwide savings products with better interest (as far as I can see).

My son is only 13, but he has this account and is happy that he can keep it forever if he wants (ie through college or university and on into adulthood).

xylophone

Does she have a Junior ISA?

https://www.coventrybuildingsociety.co.uk/consumer/product/savings/children/junior-cash-isa.html

If the child is 16 or 17, they can open a Junior Cash ISA (1) on their own.