Young Savers

An account for young savers aged 0-10 years old

We believe it is important to encourage good financial habits from an early age. With our Young Savers account you can help your child build up their savings and develop a positive relationship with money.

Saving for the future

We believe it is important to encourage good financial habits from an early age. With our Young Savers account you can help your child build up their savings and develop a positive relationship with money.

This account is perfect for you to save up for a child’s future or to save for things such as school uniforms, holidays, Christmas, and birthdays.

It’s also perfect if you are looking for an account for your child to start saving their own money.

This account is perfect for you to save up for a child’s future or to save for things such as school uniforms, holidays, Christmas, and birthdays.

It’s also perfect if you are looking for an account for your child to start saving their own money.

KEY FEATURES OF THE YOUNG SAVERS ACCOUNT:

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 £5 - £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
Instant Access Withdrawals via cash, cheque, or electronic transfer can be made at our main office
Dividend Dependent on whether we make a surplus, we offer members a return on their savings in the form of a dividend. 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
Your money is safe with us
All deposits of up to £85,000 are protected by the Financial Services Compensation Scheme (FSCS)

HAVE A CHAT WITH US

Got a question about our accounts or services? Get in touch. We will always be happy to help you.