Best Bank Account For 16 Year Old Martin Lewis

Check which accounts offer the features you need like internet banking or a debit card.

Best bank account for 16 year old martin lewis.

Martin lewis is a registered trade mark belonging to martin s lewis. How to choose a bank account for a 16 year old. There don t seem to be any student accounts unless you are 17 or older. Barclays s branch based account pays the next best rate at 3 5 also fixed for a year.

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. 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 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. 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.

Best bank account for a 16 year old. I have just opened a bank account with hbos for my 16 year old. 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. Best prepaid cards and bank accounts for teenagers.

125 to switch or up to 2 interest mse we use cookies to make the site easier to use. Compare accounts that accept people your age using this comparison. Martin lewis is a registered trade mark belonging to martin s lewis. Martin lewis reveals how to compare and switch to the best bank accounts that can save you 100s a year.

But can only do so in branch and if they re 11 15 years old you have to go with them. 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. 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. 17 to 18 year olds also get a discount with the aa driving school.