2007-10-15 10:40:31 · 5 answers · asked by Stuart 2 in Education & Reference ➔ Special Education
My Daughter whom is 11 has both a Bank account and a Building Society account. She saves regulary in her Bank account and then deposits her well earned money into a high
interest Building Society account that she is unable to touch until she is 18. Then she has the option of re-investing until
she is 21. The interest that has been added has nearly doubled her initial deposit. There are a number of Building
Societies that offer this range of interst to 18 - 21 year olds that which to save instead of spending their well earnt investments!
2007-10-15 10:58:39 · answer #1 · answered by deeblog 2 · 0⤊ 0⤋
To be fair you need to take credit in order to get a mortgage as you have to have a good history, if you dont take credit you will have no history thus being unloanable on the scale of a mortgage!! Unless you earn an extortionate amount!
2007-10-15 17:46:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Why not most buliding societies seem to work as banks these days and you are more likely to get a decent interest rate on your current account
2007-10-15 17:44:48 · answer #3 · answered by Maid Angela 7 · 0⤊ 0⤋
You get more interest on your money. You may want to get a mortgage with them.
2007-10-15 17:54:31 · answer #4 · answered by marge 4 · 0⤊ 0⤋
if they see you save and do not take credit you will find it easy to get a mortage
2007-10-15 17:43:37 · answer #5 · answered by Anonymous · 0⤊ 1⤋