Teen Account

An account for young adults 11-17 years

Your relationship with money now will shape your attitudes and habits in the future. Saving will help you generate a greater awareness of your money, giving you ownership and direct experience with managing money and making choices.

Whether you're a young adult wanting to open a savings account for yourself, or a parent saving for your child's future, this instant access savings account is perfect for saving while being able to access your money whenever you need.

Key Features:

Eligibility You must be 11 years of age or older and live or work in the DL, DH, HG, NE, SR, TS or YO postcode area
Minimum/Maximum Balance £0 - £50,000
Ways to Save
  • Deposit cash or cheques at our main office or your local collection point
  • Standing orders
  • Electronic transfers
  • Via online banking/mobile app
Ways to withdraw
  • Withdrawals via cash, cheque, or electronic transfer can be made at our main office
  • Using our mobile app or online banking you can request for transfers to be made to another bank account
  • Requests can be made via telephone
  • If you have a current account, you can withdraw at certain cash machines via pin4cash
Interest Dependent on whether we make a surplus, we offer junior members a return on their savings in the form of interest. This is agreed by our members at the Annual General Meeting
Parental Control If it is the parent/guardian who opens the account, they can manage this account and can pass control to the child whenever they like
Online Access View your balance online and request for transfers to be made. Our mobile app and online banking facilities allow our members across North Yorkshire and the Northeast to access their accounts on the go, 24/7!
Your money is safe with us All deposits of up to £120,000 are protected by the Financial Services Compensation Scheme (FSCS)

HAVE A CHAT WITH US

Got a question about our Young Adults Account? Get in touch. We will always be happy to help.