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Various savings accounts are designed to help young people earn a competitive yield on their money, while avoiding maintenance fees and minimum balance requirements. Best for the highest APY on ...
Virgin Money offers a range of savings and investment products, mortgages, credit cards, insurance and pensions. The merger with Northern Rock widened Virgin Money's range from a previous focus on credit cards and insurance products, and the first savings accounts to be offered under the Virgin brand were issued in January 2012. [71]
There are many types of savings accounts, often serving particular purposes. These may include accounts for young savers, accounts for retirees, Christmas club accounts, investment accounts, and money market accounts. Some savings accounts also have other special requirements, such as a minimum initial deposit, deposits made regularly, and ...
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Gamification via the Pull to Save feature was released on 14 March 2019, allowing customers to "pull" their screen and with one touch, round-up spare change to savings. [9] On the next day, Up announced support for WatchOS and released their first Apple Watch app. Samsung Pay support was then released on 10 April 2019. [ 10 ]
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Understanding financial literacy and having suitable types of insurance can help young adults protect their assets and future earnings, which is an essential step in becoming financially independent.