My daughter is 16 & needs a bank account. Which one offers best rate of interest + normal account facilties?
If anyone has experience of opening a banking facility for an under 16 or can make a reccomendation of one they use - saying what features they enjoy; what interest rates; debit card etc., I would be most grateful.
Answers:
It depends on where you live.
If you have the ability, find a credit union. Usually higher interest rates and lower fees.
You will have to do research based on where you live. You can get a start by visiting www.bankrate.com. They have lists of banks by state, and you can see all the rates they offer for all types of accounts.
You may also consider a joint account so both of you can manipulate the money as needed.
After establishing a traditional checking account you may consider an on line account with ING Direct or Emigrant Direct to get a better rate.
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Answers:
It depends on where you live.
If you have the ability, find a credit union. Usually higher interest rates and lower fees.
You will have to do research based on where you live. You can get a start by visiting www.bankrate.com. They have lists of banks by state, and you can see all the rates they offer for all types of accounts.
You may also consider a joint account so both of you can manipulate the money as needed.
After establishing a traditional checking account you may consider an on line account with ING Direct or Emigrant Direct to get a better rate.
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