Switch

melanie17

Can I switch my grandsons bank accounts as interest rubbish accounts with Lloyd’s 

eskbanker

That's not a lot to go on, but assuming that your grandson isn't old enough to manage his own finances yet and that you control accounts in his name then there shouldn't be anything stopping you from opening new ones for him, although if it's specialist products like JISAs or CTFs then it may require parental involvement.  Post more details about the situation, including his age, what type of accounts you're referring to and what you have in mind, and it should be possible to offer more specific guidance....

melanie17

Grandsons are 5 and 8 they have isa accounts and I opened account for them 5 years ago interest isn’t very good best account for me to move them to 

bowlhead99

See the main site here: https://www.moneysavingexpert.com/savings/junior-isa/
As you have 10+ years before they can take the money out you could also consider S&S junior ISAs for a few years.

Hammer_Time

I opened a JISA for my grandson, however one of his parents should have opened it, I only found out when trying to transfer it. I have now transferred it to my daughters name and now she can transfer it. I was told it was a common error.

AnotherJoe

melanie17 said:

Can I switch my grandsons bank accounts as interest rubbish accounts with Lloyd’s 

are they "bank accounts" or ISAs?

Assuming cash ISAs (1 )then  they arent bank accounts and (2) for another ten years they should be invested, and (3) you wont find any better rates in different ISAs or indeed different savings accounts, they are all uniformly poor.

How much money is involved?

samlarson

bowlhead99 said:

See the main site here: https://www.moneysavingexpert.com/credit/junior-isa/
As you have 10+ years before they can take the money out you could also consider S&S junior ISAs for a few years.

Thanks for the tips

maybe you could also share some tips on how to get S&S junior ISAs?

bowlhead99

samlarson said:

bowlhead99 said:

See the main site here: https://www.moneysavingexpert.com/credit/junior-isa/
As you have 10+ years before they can take the money out you could also consider S&S junior ISAs for a few years.

Thanks for the tips
maybe you could also share some tips on how to get S&S junior ISAs?

You could follow the link in my post that you quoted - although using the actual link I gave, rather than rewriting it so that it no longer works, as you have done above.

Although I am reminded of the phrase 'Don't feed the trolls' and perhaps should be 'Don't feed the bots'...

They do note that "MoneySavingExpert.com doesn't cover where you should place your investments – it's not our field of expertise. Instead, if you're thinking of investing, these Hargreaves Lansdown and Beanstalk guides may be useful, or you can try comparison site MoneySupermarket for a non-exhaustive list of providers"

Hargreaves Lansdown and AJ Bell Youinvest are both credible providers used by plenty of people here, but have different charging structures.