Best Bank Account For 16 Year Old Martin Lewis

How much the govt expects parents to give their children while at.

Best bank account for 16 year old martin lewis.

Check which accounts offer the features you need like internet banking or a debit card. Barclays s branch based account pays the next best rate at 3 5 also fixed for a year. I am trying to find a good current account for my 16 year old who will be starting college next month and will also be working a couple of days a week so needs a bank account. How to choose a bank account for a 16 year old.

17 to 18 year olds also get a discount with the aa driving school. Best prepaid cards and bank accounts for teenagers. Martin lewis is a registered trade mark belonging to martin s lewis. However these accounts do not offer an overdraft because you have to be 18 years old or more to borrow money through your bank account.

Get the best student bank account early and save 100s. You also get a four year 16 25 railcard worth 90ish which gets you a third off rail travel though you may not be travelling as much as normal with coronavirus travel restrictions and more online lectures. But can only do so in branch and if they re 11 15 years old you have to go with them. Martin lewis reveals the best children s bank accounts with top interest rates now martin lewis 47 is the money saving expert who has given his top tips on some of the best bank accounts.

I had to provide my most recent council annual tax statement not the reminder and provide a letter confirming that my son resided at that address. It lets you make withdrawals but the rate drops to 1 51 for a month if you do meaning it s still best to avoid taking cash out if possible. Compare accounts that accept people your age using this comparison. I have just opened a bank account with hbos for my 16 year old.

Any advice would be appreciated. Best bank account for a 16 year old. 125 to switch or up to 2 interest mse we use cookies to make the site easier to use. Martin lewis money saving expert best bank accounts earn 4 5 per cent interest if you save each month if you re looking for somewhere to put children s savings pick the account paying the.