Plant the roots today, watch their future grow. Ages 0-11 years old.
Helping your child develop strong financial habits from an early age is one of the most valuable gifts you can give. Our Young Saver Account is designed to grow with your child, nurturing good saving habits from their earliest years, right through to adulthood.
As well as this, you will benefit from the following with this account:
- Free welcome pack
- A savings planner to help make saving fun and learn as they progress
- Stay entertained with our regular newsletters and competitions
- Track your savings on our mobile app or online banking
- Dependent on whether we make a surplus, we offer junior members a return on their savings in the form of a dividend.
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.
| Eligibility | Open to young people aged 0 – 11 and living in the DL, DH, HG, NE, SR, TS or YO postcode area. Guardian must be 18 or over to open the account on behalf of the child. |
| Minimum/Maximum Balance | £1 - £50,000 |
| Ways to Save |
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| Ways to withdraw |
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| Dividend | Dependent on whether we make a surplus, we offer junior 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 up to the age of 11 |
| 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) |
Need more information before you decide or help with your application? Contact us today - we're here to help.
