Bank account for teen/parents still have access?

Question

i'm a teen looking to open a bank account first to keep my parents from borrowing money from me and then confusing me or guilting me into the lesser amount returned and second to maybe help the money grow with time... i know nothing about this... is it even plausible? HELP! what do i do? can my parents still get at it if it's in a bank account? what's the likelyhood of it's growth?

Answer 1

I think you can open your own account at 18. Make it so only you can access the money,

Answer 2

How old are you? That would help.

Answer 3

have one of your parent go with you to the bank and when u make the account then keep the card hidden so they cant get money from it.

Answer 4

You have to be of legal age(usually 18 yrs old) to open your own account.  Your parents can not touch an account that is in your name only.  Your idea is plausible but subject to the age restriction.  The account is likely to grow very slowly because banks typically pay low interest rates on small sums of money.  Check bank rates and you will see what I mean.  Good luck!