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| *The Commerce Journal>>>Personal Finance |
What would be the perfect bank account for me? |
I'm 14, 15 soon, I want a bank that will give me as many rewards as possible, high interest rates etc. The best advice i can give you is to go for a building society account. Halifax are offering some serious rewards and i left Lloyds as i could not resist there offers. Swiss bank accounts Not knowing where you live---this is a little difficult, but go on line to www. icici bank. High interest requires high deposits. Try the building society, like Nationwide, or a local one. They usually give the best interest. I use ING Direct. They have good interest rates. Well, Natwest and Royal bank of scotland do great accounts for young adults (14 years old +). You can also try barclays as there rewards are good and free. decide on future events first-will i buy a car with a personal loan? maybe a house later on---look into/research the types of places that have lifetime benefits for you ,so you have a history with them--THAT'S MY ADVICE Since you're young I'm assuming you won't be depositing tons of money. And you'll probably want something you can easily access. If so, go with a money market account or certificate of deposit (CD). I won't suggest an individual bank since rates and terms vary quite a bit. Visit www.bankrate.com for rates in your area. Check out bankrate.com to figure out who has the highest interest rates this week. After seeing who is on the top of the list, sort through their web sites and find out if they allow teenagers to open accounts with them. Get a chequing account, and make sure that you also get a student account. Most banks will waive your fees entirely if you are a student. There is no reason you should be paying bank fees at age 15. Building a society account will get you lots of money! |
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