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Bank or building society for DS

(2 Posts)
Willabywallaby Mon 17-Oct-11 09:14:08

DS (6) is getting obsessed with money and has about £100 in cash from birthday money.

We want to open some sort of account for him that he can access. Would a building society be better since he would get a book and would understand better, or are there any child friendly accounts like we were young?


CogitoErgoSometimes Mon 17-Oct-11 12:30:38

My DS has both for reasons too dull to go into. His Nationwide comes with a passbook and he likes taking the cash to the window and getting the balance updated etc. His bank account is run on-line with statements so not quite so 'tangible'... but will probably be the one we upgrade to a cash card when the time comes.

Whichever you go for, make sure you fill out the form so that they don't get charged tax on any interest.

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