Hi
We had to close an existing savings account belonging to my son, aged 17 and 3 months, because it was a legacy account, but we needed to transact on it, and the only possibilities were to leave it alone (reasonable interest rate) or close it, so the latter was the only choice. It took a month to get the cheque, in my son's name, for close to 15,000 Pounds.
Now we've come to look for a suitable savings vehicle, we're stuck. We've looked at all the best deals of course, but they all require the application to be 18 or over. We then looked at children's accounts best deals, but they are all for applicants aged up to 16.
Any ideas as to how we can proceed ?
Thanks