Young Saver
A perfect way to give your kids the savings habit
A Young Saver account is an ideal way to teach your child or grandchild about the benefits of regular savings. It's designed for children under 11 and most savers will enjoy tax-free interest.
Accounts for 11 to 18 year olds
Card Plus is a smart and handy way for older children to manage their money.
Your own piggy bank to paint - get a ceramic footballer or ballerina pig, complete with paints, if you set up a standing order for at least £10 per month
Quarterly interest - paid into the account
Easy access - manage your child's account online, in-branch or over the phone
Open in your child's name - you can arrange this for children aged 7-10. You'll need to read and approve the application
Hold the account in trust - anyone over 16 can hold this account in trust for a child under 10
Full copies of the fees and terms and conditions that apply to our personal accounts can be downloaded from our terms and conditions page.
Current savings rates
| Balance | Gross Rate | AER (variable) |
|---|---|---|
| £0 + | 0.80% | 0.80% |
Interest paid quarterly
Last updated on: 24/07/09
Common definitions
Throughout this page, you'll see various terms being used. Here's what they mean:
Annual Equivalent Rate (AER) - This is a notional rate used for interest bearing accounts, which illustrates what the gross credit interest rate (excluding any bonus interest payable) would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.
p.a. - per annum (per year).
Get in touch
Call us on
01624 637000
Lines are open: Mon to Fri 9.00am-5.00pm
(excluding public holidays).
Calls may be recorded