Apprenticeship or College

Based on your results, it looks like you're considering an apprenticeship or college - fantastic!

Apprenticeships can be a fantastic way of beginning a career path or entering a particular profession. However, apprenticeships don't often pay well at a young age.

This means your CTF could be really useful!

If you need to relocate in order to get your ideal apprenticeship - it could be a good idea to use your CTF to help you move by covering the cost of a rent deposit. You could also use your CTF to add to your wage - if you feel the apprenticeship will really be worth it

You can search for apprenticeships here: GOV Find An Apprenticeship Tool

Alternatively, if you're studying a college, or your apprenticeship in nearby, it could be a good idea to stay living with family if possible. This could allow you to save a significant amount of money and help you build a savings fund for a house, a car or anything you have planned in the short and long term.

So... Where Should I Move My Money?

If you're looking to move for an apprenticeship, an 'Easy Access Savings Account' may be the best option. A good place for checking the best savings account for you is the money.co.uk website

At the moment, the best interest rates on savings account are available through 'Regular Savings Account'. These are bank accounts which are paired with a normal everyday bank account that you have where you have to save a certain amount of money a month.

To maximize your interest, you could move your money into an 'Easy Access Savings Account' and then 'drip feed' it into a 'Regular Savings Account' or any bank account you have with higher interest.

That way you'll get double the interest!

For more information on what 'drip feeding' is, and the best 'Regular Savings Accounts' available at the moment, visit: Money Saving Expert - Best Savings Accounts