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Posted: Thu Sep 24, 2009 4:59 pm
by Karantiggy
Hi all, my husband and I entered into our IVA in June 2009 (so far so good). My daughter needs to open an account just to save for herself, she is 14. We applied for a Coop account but they have declined the application. Is there any bank out there that would allow my daughter a basic account?
Thanks
Posted: Thu Sep 24, 2009 5:07 pm
by kallis3
Your daughter should not be affected by your IVA at all, so I would think she can try any bank for a savings account.
Posted: Thu Sep 24, 2009 5:08 pm
by thefsg
My teenage children both have Nationwide Smart Card accounts. You can pay in at the building society and withdraw with a cashpoint card. Pays a measly 0.75% interest! They seem to be fine with it - I transfer their monthly pocket money allowance into their individual Nationwide accounts by standing order each month. Our eldest, who is 17, works part-time and her wages get paid into it too.
Posted: Thu Sep 24, 2009 7:33 pm
by kabby3
My son has a natwest solo account and he researched it and at the time it offered good rate of interest. x
Posted: Thu Sep 24, 2009 7:36 pm
by kallis3
I don't think many banks offer a good rate of interest on a savings account at the moment.