Best Child saving account?

Dan_G_2

Hi! I'm 15 years old with a regualar income from work of roughly £35 weekly. I have had an A&L First Save account for a good while but they announced a drop in rates for this month so I want to change to somewhere offering at least a little better. Where should I go?
Thanks in advance for your input,
Dan G

isasmurf

Hi

Have a read of the Child Savings article and related discussion. Probably best to go towards the end of that thread as the beginning is quite old now.

There has also been a couple of recent discussions on the A&L reduction and people saying they'll transfer elsewhere they may be a couple of suggestions in there.
Name and Shame: Alliance & Leicester
A & L Slash Child Account rates

Finally, you may like to use a comparison website like moneysupermarket.
Affiliate link (helps MSE) or non-affiliate link

Finally beat Grumbler to it! Come on Grumbler, you're slacking mate!

grumbler

isasmurf wrote:

Finally beat Grumbler to it! Come on Grumbler, you're slacking mate!

I can be faster sometime, but I never can beat you in quality and scope

Bun

Dan_G wrote:

Hi! I'm 15 years old with a regualar income from work of roughly £35 weekly. I have had an A&L First Save account for a good while but they announced a drop in rates for this month so I want to change to somewhere offering at least a little better. Where should I go?
Thanks in advance for your input,
Dan G

Well done for getting started so early....wish I had thought that way when I was 15, rather than 'investing' all my earnings in dodgy 80's records!

The Halifax Save4it account has an interest rate of 5.05 or 5.15 (sorry can't remember which) which seems quite competitive. I think it's ok for those at the top end of the age spectrum.