2007-01-24 04:23:12 · 12 answers · asked by tizzy 5 in Business & Finance ➔ Investing
The Halifax offer an account called expresscash for 11-16 year olds...currently paying 3.2% interest (i think)
this is a card account with visa electron facilities on it...as your son grows up the account can be upgraded to a current account with full banking facilities
2007-01-24 04:29:27 · answer #1 · answered by blazing_staruk 3 · 0⤊ 0⤋
I think the Post Office do a very safe tax free savings account. Alternatively you could invest in Premium Bonds until you can open a bank account for him.
2007-01-24 04:28:19 · answer #2 · answered by Spiny Norman 7 · 0⤊ 0⤋
military college. First you want a great kennel, 100 yards of fishing line, an atm card, a bag of pot and some leaves. conceal reported kennel in leaves, although the atm card and pot interior, then cover in a tree after tying fishing line to the door and capture him at the same time as he enters. yet in all seriousness, if it is real the cop is finished of it. at the same time as i become an adolescent I had a lot of associates or maybe a pal bypass to a juvenile penal complicated. And if he's been lacking for that lengthy, he's a runaway it particularly is an arrestable offense. no longer massive boy detention midsection yet little boy detention midsection. purely difficulty with detention centers is they make more suitable criminals than they treatment. yet I say you attempt to get him arrested and both conceive your man or woman toddler and if it really is no longer feasible undertake a touch one so that you at the prompt are not cleansing up somebody else's mess. that is a crappy element to assert, even though it is real. maximum foster youthful ones and whatnot are abused, got here from drug addict/criminal residences and so on.
2016-10-16 01:14:15 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Either open a joint savings account at your bank, or if you want to invest the money (very good choice) then open either an UGMA account for minors or a 529 college savings account.
2007-01-24 05:09:18 · answer #4 · answered by MR MONEY 3 · 0⤊ 0⤋
Nationwide Smart Account can be opened in your name or his name and is tax free for a little while for him
It has a book but not sure about a card for the ATM.
It is also paying a healthy rate of interest at the minute.
2007-01-24 04:32:10 · answer #5 · answered by The Dragon 2 · 0⤊ 0⤋
Best account would never be in a bank. Pick up a mutual fund or something for him. Get him started early before the fear of investing sets in.
2007-01-24 05:13:50 · answer #6 · answered by vegas_iwish 5 · 0⤊ 0⤋
Why not open him up a "savings" account in your name and once he is 16 just transfer it over to him? It's an idea.
2007-01-24 04:29:05 · answer #7 · answered by Lace 4 · 1⤊ 0⤋
Currently the highest interest is from a child's saving a/c at Clydesdale bank paying 5.65% (tel.0800 445 265). You can then change it to a normal a/c when the boy is no longer a child.
2007-01-24 13:15:23 · answer #8 · answered by Anonymous · 0⤊ 0⤋
open an ugma account which you will control until he is 18. call my money manager at Moreland Capital Management. He has no minimums and gives excellent service. His number is 208-578-7931.
2007-01-24 04:35:17 · answer #9 · answered by skymav5 1 · 0⤊ 0⤋
I have a nationwide account called a "Smart account", which has a passbook option, as well as a card, and pays out 4.16% interest!
Check it out here: http://www.nationwide.co.uk/savings/under18/smart.htm
2007-01-24 04:34:21 · answer #10 · answered by Ravi A 3 · 0⤊ 0⤋