Savings for 17 year old 12 April 2020 at 2:33PM in Stoozing: free cash from credit cards 1 reply 181 views

lf

My 17 year old just got notice from Nationwide that his savings account with money from family and inheritance since birth is reducing to 0.5%. Can any one advise on a better rate option for a lump sum? He turns 18 in October when he can opt for a adult savings account like Marcus.... All the accounts I can see (Virgin etc) require the child to be under 16. Is he stuck with Nationwide until he’s 18 now?Thx!

[Deleted User]

He can open a Cash ISA, not sure off the top of my head of top payer