Hello. I am 14 years old and I have £7000 in a Nationwide Smart account which earns me 4.7% P.A With Interest rates looking as though they are going to fall I am looking for an investment which offers me much growth over the next 4 years. I am too young to invest in the stock market, so what should I do?
Thank you.
quote:
Mrs Thatcher:To cure the British disease with socialism was like trying to cure leukaemia with leeches.
I did see somewhere where Children can get 10% per year (was it Abbey National or Alliance and Leicester?).
You could try that! Either way, at your age, don't gamble with it, play it safe, because by the time you are 20, you will have a nice amount to start your life with. Wish I'd saved more when I was younger.
Originally posted by reverand: I did see somewhere where Children can get 10% per year (was it Abbey National or Alliance and Leicester?).
You could try that! Either way, at your age, don't gamble with it, play it safe, because by the time you are 20, you will have a nice amount to start your life with. Wish I'd saved more when I was younger.
I searched it in google and it came up with Halifax. I'll speak to my parents about it.
It's a fixed rate as well, so Gordon Brown can mess about as much as he likes and it won't affect me!
Thank You very much for your help.
quote:
Mrs Thatcher:To cure the British disease with socialism was like trying to cure leukaemia with leeches.
