Business and City: Youngsters Check It Out]
TEENAGERS and children are warned by the Consumers' Association magazine Check It Out] against investing in some of the savings accounts marketed at young people. Many accounts are said to offer a free gift or some other gimmick but they are also likely to offer a rate that is lower than the equivalent rates for adults. The Woolwich for Kids account pays 1 per cent but the comparable adult account, Prime Gold, pays an extra 0.15 per cent.
Check It Out] is available from Membership Services, Consumers' Association, PO Box 44, Hertford, SG14 1SH.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies