An account for young savers aged 0-10 years old
Flexible child savings account with parental control
Our young savers account makes it easy for parents and guardians to save on behalf of a child for life’s important moments - whether that’s school uniforms, birthdays, holidays, or long-term future goals.
With full parental or guardian control, you manage the account until your child is ready - giving you peace of mind while they learn healthy saving habits over time.
Because we’re a community-based credit union, every pound saved helps strengthen the local area - making this a more ethical alternative to traditional children’s bank accounts.
Helping your child develop strong financial habits from an early age is one of the most valuable gifts you can give. Our Young Savers Account is designed to support parents and guardians in building a secure financial future for their child - while keeping full control of the account.
As a not-for-profit credit union, we reinvest your child’s savings back into the local community, supporting members rather than shareholders. This means your child’s money is not only growing safely but also making a positive impact close to home.
Start saving for their future today - while teaching them a positive relationship with money in a safe, ethical, and community-focused environment.
| Eligibility | You must be 18 years of age or older and live or work in the DL, DH, HG, NE, SR, TS or YO postcode area |
| Minimum/Maximum Balance | £1 - £50,000 |
| Ways to Save |
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| Ways to withdraw |
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| 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 | The parent/guardian who opens the account will manage the account |
| 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! |
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Your money is safe with us |
All deposits of up to £120,000 are protected by the Financial Services Compensation Scheme (FSCS) |
Got a question about our accounts or services? Get in touch. We will always be happy to help you.
