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Which savings account to use?

by Katie_Louiise 29 July 2012  |  Comments 4 comments  |  Love Love  0 loves

i'm am currently 15 and is looking for an account where i can put my birthday, christmas and any other money i want to save up into. I also want unlimited access to it so that when i'm out with friends i can go into the bank and take money out of it. I would like an account where it doesnt require parental knowledge of it as my parents like to use me and my money as a personal bank account borrowing money off me. I would really like someone to anwer this question as it is needed quite badly, Thanks!


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Comments (4)

  • JoeEasedale
    Love rating 174
    JoeEasedale posted

    West brom building society is paying 3.22% with instant access at the present time.

    Check with price comparison sites for best easy access savings accounts and after opening one, keep checking - rates change quickly so check maybe every month or so.

    If you have money you can tuck away till u r 18 then a junior isa will be tax free but no access before 18. If you have a ctf you cannot have a jisa. Once u r 18 then you want an easy access cash isa.

    Price comparison sites - Moneyfacts. MoneySupermarket,

    Another way is to go round your local high street and ask about easy access savings accounts. At 15 you should not have much problem.

    Posted on 30 July 2012 | Love Love  0 loves Report
  • MikeGG1
    Love rating 909
    MikeGG1 posted

    Joe's West Brom account requires £10,000 to open which I presume you don't have.

    You seem to need an ATM card operated account. I would go round your local High Street and ask the banks and building societies.


    Posted on 30 July 2012 | Love Love  0 loves Report
  • Katie_Louiise
    Love rating 1
    Katie_Louiise posted

    Thanks Guys, i have gone into Halifax and have arranged an appointment to see someone who will who will arrage an Express Cash account. Thanks for the advice though xx :)

    Posted on 31 July 2012 | Love Love  1 love Report
  • ESpa
    Love rating 3
    ESpa posted

    Looks like quite a good option, Katie.

    The interest rate it gives you is pretty low, but it does everything you've asked for :-)

    Posted on 27 September 2012 | Love Love  0 loves Report

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