Global Banking Directory 2.0
Press Release Distribution Service
Add Bank | Banking Forum Online
EstoBIT Instant Exchange
BanksDaily on Twitter BanksDaily on LinkedIn BanksDaily on Instagram

Financial and Banking News

HSBC accounts help young manage finances

HSBC has launched a new account to enable young people to make the most of their savings. The MySavings account, specifically created for seven to 17-year-olds, is paying a top interest rate of 5.25 per cent.

It has a free 'money box' feature, a minimum deposit of just £1 and parents or guardians can pay money directly into the account.

The HSBC account also possesses a range of exciting features, with the group setting up an account for customers on their 11th birthday to encourage them to make the distinction between spending money and savings.

The HSBC current account provides regular statements, a cash card and pin number for withdrawals and the facility to make deposits.

With recent government research showing that over four fifths of parents fear their children will struggle with debt later on in their life, Lucy Payne, youth customer manager at HSBC, lauded a desire to manage finances among youngsters.

"The MyMoney accounts are designed to help children and teenagers better understand that saving is a positive way to approach money. By keeping their savings and their spending separate they can learn to budget and manage their finances responsibly now," she added.

Source: MoneyNews
Date: 07.04.2007 [6]
Get your content published on BanksDAILY.com in just a few clicks.

Financial and Banking News
 Post-Pandemic Economic Recovery: Key Factors Driving Growth and Stability

The COVID-19 pandemic caused a global economic halt, resulting in disruption, job losses, and uncertainty. However, as vaccination efforts progress and countries adjust to the new normal, there is hope for an economic recovery.

 Wiki Finance Expo Sydney 2023 Is Coming Soon!

Regulation, Forex, Crypto, Web 3.0, Metaverse, AI, ESG Will Be in Focus. Taking place on November 16th, Wiki Finance Expo, Sydney 2023 is Aussie largest and most anticipated fintech event of the year. 30.10.2023 | Source: WikiExpo

 Blockchain Economy Dubai Summit 2023: Just Two Weeks Away and Buzzing with Anticipation

Dubai, UAE - The Blockchain Economy Dubai Summit is generating palpable excitement within the blockchain and crypto communities, with only two weeks remaining until the event. Scheduled for October 4-5, 2023, at the Le Meridien Dubai Hotel & Conference Center, this prestigious event gathers over 3,000 blockchain entrepreneurs, crypto enthusiasts, and industry leaders from 85 countries. 20.09.2023 | Source: Teklip

 📰 News Archive

2007-2024 © BanksDAILY.com | All Banks in One Place | Privacy Policy