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.
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.
We work closely with local primary schools to offer school saving clubs. Your child can deposit money into their Young Savers Account at the school, making it an easy and engaging way for them to save.
Got a question about our accounts or services? Get in touch. We will always be happy to help you.
To be eligible to open this account:
|Minimum/Maximum Balance||£5 - £50,000|
|Ways to Save||
|Instant Access||Withdrawals via cash, cheque, or electronic transfer can be made at our main office|
|Interest||The annual interest rate is agreed by members at our Annual General Meeting. The average interest rate over the last 3 years was 1.33%.|
|Parental Control||The parent/guardian who opens the account will manage the account|
|Savings Passbook||Our Young Savers Account comes with a Savings Passbook which is an excellent tool to teach good saving habits and help your child can see how their savings are growing.|
|Online Access||View your balance online and request for transfers to be made|
|Paper Statements||Paper statements are available on request|
|Your money is safe with us||All deposits of up to £85,000 are protected by the Financial Services Compensation Scheme (FSCS)|