Please HELP 15 Year Old With Choosing an Account

TheSmallestJudge

Hello All

I'm 15 years old, and have decided its time to sort myself out a bank account, a slightly safer alternative to the tin under the bed.

So, I need some advice on where to open up a current account. Where can I find a comprmise between good interest rates, and other extras (such as cheap rail tickets and the like)

I'm fairly clued up on interest etc, so don't worry hugely about dumbing everything down for me.

Thanks in Advance

Adam

gt94sss2

I usually suggest you look at the HSBC and Nationwide offerings - both of their 'child' accounts are available to under 18's.

Nationwide pays slightly more interest but only comes with a cashcard, while the HSBC comes with a debit card.

Whichever you get, don't forget to register your account for gross interest.

Also once you are 16, you can open a Cash ISA.

Regards
Sunil

BruceyBonus

gt94sss2 wrote: »

I usually suggest you look at the HSBC and Nationwide offerings - both of their 'child' accounts are available to under 18's.

Nationwide pays slightly more interest but only comes with a cashcard, while the HSBC comes with a debit card.

Whichever you get, don't forget to register your account for gross interest.

Also once you are 16, you can open a Cash ISA.

Regards
Sunil

When I was 15, I had both of these accounts. The Nationwide to build up long term savings and the HSBC for day-to-day spending.

PBA

Abbey's under 18's current account will be paying 6% interest from Monday. Comes with a cashcard, and you can get Electron and cheque book once you're 16.

montrose5

My son (also 15) has Nationwide account, seems pretty good. I think once you hit 16 you can transfer to a flexaccount if you need full banking

BlightyAndy

gt94sss2 wrote: »

I usually suggest you look at the HSBC and Nationwide offerings - both of their 'child' accounts are available to under 18's.

Nationwide pays slightly more interest but only comes with a cashcard, while the HSBC comes with a debit card.

Whichever you get, don't forget to register your account for gross interest.

Also once you are 16, you can open a Cash ISA.

Regards
Sunil

Do you save this as a template for all postings regarding these questions? lol

gt94sss2

AndyGrayUK wrote: »

Do you save this as a template for all postings regarding these questions? lol

No, though perhaps I should

Regards
Sunil

BlightyAndy

gt94sss2 wrote: »

No, though perhaps I should

Regards
Sunil

It would save alot of writing :beer: