Children need no lessons in how to spend money, but with a Young Saver account they can learn how to save it too.
Interest rates are variable.
These interest rates are correct as at 23/08/2016.
View previous rates
Annual Equivalent Rate. AER illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
This is the contractual rate of interest payable where interest is exempt from income tax.
This account can only be opened by visiting your local branch with proof of
identity for both you and the child. The minimum deposit is £1.
In addition to your own identification, the child’s birth
certificate or passport is also required to open the account.
Visit your local branch with proof of identity and your address and we'll open the account for you.
Ask us a question (opens in new layer)
Visit us in branch and we'll open an account for you.
Find out what to take along
Visit fscs.org.uk to find out more
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