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Savings for 17 year old
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lf
Posts: 2 Newbie
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!
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He can open a Cash ISA, not sure off the top of my head of top payer0
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