Children need no lessons in how to spend money, but with a Young Saver account they can learn how to save it too.
Yes. We can move the interest rate up or down at any time. Our Terms and Conditions explain when we'll do this.
If we increase the interest rate, we'll make details of the rate change available in branch, on the phone and on our website, within 3 days of the change. If we decrease the interest rate, we'll let you know personally and give you at least 2 months' notice.
Based on a £1,000 deposit, with no deposits or withdrawals made from the account, and variable interest rates remaining the same:
Yes, instant access
(Service charges may apply, see our Banking Charges guide for more information)
Rates and information correct as at 23/08/16.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Gross rate is the contractual rate of interest payable before the deduction of 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.
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Visit us in branch and we'll open an account for you.
Find out what to take along
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