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The 16-18 Current Account gives you all you need from a current account - great access to your money 24/7, but the best part is that we pay you a high interest rate on the money you have in your account.
|
|
Age |
In credit interest rate up to £500 |
|
Santander |
16 to 18 |
3.00% AER/ 2.96% gross |
|
Barclays |
16 to 19 |
0.10% AER |
|
Halifax |
16 to 17 |
1.51% AER |
|
HSBC |
11 to 17 |
0% AER |
|
Lloyds TSB |
11 to 18 |
2.50% AER |
|
Nationwide |
16 or over |
0% AER |
|
Natwest |
11 to 18 |
1.50% AER |
Source: Lender's websites. Correct as of 5 July 2010.
Note 1 3.00% AER/2.96% gross. To be eligible for this rate you must pay at least £50 into your account at least once a month and not hold an existing Bank Account with Santander. We will not pay you interest on any amount over £500, or on your whole balance if you do not make pay at least £50 into your account each month.
Note 2 5.00% AER/4.89% gross. To be eligible for this rate you must pay at least £50 into your account at least once a month and your guardian must have a primary Bank Account with Santander. Customers must not hold an existing Youth Current Account. We will not pay you interest on any amount over £500, or on your whole balance if you do not make pay at least £50 into your account each month.
AER stands for Annual Equivalent Rate and shows what the interest would be if we paid interest and added it each year. The gross rate is the rate payable before income tax deduction. Rates may change and we pay interest each month.
Rates correct as at 5 July 2010
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