Child bank account

Rob5342

The only thing with Nationwide is that their app is way behind what everyone else offers. With only a small number of transactions that might not matter too much though and they do have their fairer share scheme that you can get £100 from sometimes (my daugther gets it on hers as she has a savings account with them too)

Other ones to look at might be Halifax's Money Smart and Expresscash. I don't think long term history would count for much, it tends to be credit history that people look at so that's irrelevant for now. I'd say choose a savings account for the best interest, a current account for the best day to day management of money, and keep an eye on them both and change them whenever he finds anything better.

friolento

Auti said:

So far our research has found Nationwide to be good as interest on current account and internet banking (he likes to watch and check his money). He saves with Yorkshire as better rates. It’s strange but it feels a major decision choosing his bank account.

He clearly needs to choose something he is happy with - but he should also know that it isn’t a decision for life, and that nobody is restricted to one current account only.

Rob5342

friolento said:

Auti said:

So far our research has found Nationwide to be good as interest on current account and internet banking (he likes to watch and check his money). He saves with Yorkshire as better rates. It’s strange but it feels a major decision choosing his bank account.

He clearly needs to choose something he is happy with - but he should also know that it isn’t a decision for life, and that nobody is restricted to one current account only.

Exactly, you should always keep aware of other offerings and change whenever you find something better. In tue last 20 years Ive had at least 12 different currejt accounts.