HSBC Children's savings accounts are a great way of managing your money because they offer a way to earn interest on your pocket money or allowance whilst being linked to a current account; this allows you to withdraw and spend what you have saved whenever you like. HSBC Children's savings accounts offer the best of both worlds, you do not have to spend what you have saved if you do not want to and they will never let you spend more than you have so you always know where you stand. Depending on your age you will get different benefits but some of the general benefits of HSBC children’s savings accounts include:
- Open the accounts with just £1
- High interest rates
- Restrictions on how much you can withdraw at a time to stop you spending all your savings at once
And, if you are aged 13 or over, you can have a cash card to access the money in your HSBC children’s savings account.