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Our Children’s Savings Account
We’d all like our children to be good with money and get into the savings habit from an early age. That’s why our new First Saver account is designed to help children save and Pigby and friends are here to make it fun along the way. Opening a savings account is a great first step for children to learn how to be responsible with money.
Our First Saver account is available to children under 16. Accounts can be opened on behalf of a child, or if they are aged over 7, the account can be held in the child’s name with the consent of their parent or guardian.
There are lots of benefits to becoming a First Saver (not forgetting Pigby, of course!):
Open a First Saver account and your child will receive their very own free Pigbybank to help get them saving! Pigbybanks are strictly limited to one per account and are only available to new First Savers.
We’d all like our children to be good with money and get into the savings habit from an early age. That’s why our new First Saver account is designed to help children save and Pigby and friends are here to make it fun along the way.
Balance | Gross Rate | AER (variable) |
---|---|---|
£0+ | 0.50% | 0.50% |
Interest paid quarterly
Rates correct as at 3 January 2017
Common definitions
Gross Rate
This means the interest rate you are paid before the deduction of tax.
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.