Savvy teens are money wise

Today's teenagers are more financially-aware than they are often given credit for. Ruth Jackson explains why, and rounds up the rest of the week's money-saving tips.

A NatWest survey has found that families have an under-used source of money-saving advice under their roof teenagers, says Huma Qureshi in The Observer. "This recession-hit generation of teens is more financially savvy than they are usually given credit for." According to the survey, 86% of 12 to 19-year-olds say they keep track of their money, 68% are confident managing their cash flow and 33% say they are trying to save for their future.

Close Brothers has launched a three-year Premium Gold Bond with a market-leading rate of 4.75%, says Michelle Slade in The Daily Telegraph. Savers can also lock up their cash for a shorter period at 4.5%, with the bank's two-year Premium Gold Bond. The minimum investment is £10,000.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Ruth Jackson-Kirby

Ruth Jackson-Kirby is a freelance personal finance journalist with 17 years’ experience, writing about everything from savings accounts and credit cards to pensions, property and pet insurance.

Ruth started her career at MoneyWeek after graduating with an MA from the University of St Andrews, and she continues to contribute regular articles to our personal finance section. After leaving MoneyWeek she went on to become deputy editor of Moneywise before becoming a freelance journalist.

Ruth writes regularly for national publications including The Sunday Times, The Times, The Mail on Sunday and Good Housekeeping, among many other titles both online and offline.