Young Regular Saver

Regular Savings
Annual Variable Interest % AER*
Up to £350 pm
2.00%
Product Details

Account Name

Young Regular Saver  

What is the interest rate? AER*

2.00% annual interest rate on balances £100+

Interest is added to your account on the anniversary of account opening. 

(*AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year)

Can Dudley Building Society change the interest rate?

The interest rate on this account is variable and the Society may make changes to this rate at any time. We will notify you of any changes in accordance with the Terms & Conditions. 

What would the estimated balance be? 

If you were to open this account with the maximum opening balance of £350 and made the maximum investment of £350 on the 1st of each month, the total amount deposited over the 12 month period would be £4,200 earning you £45.39 interest. This would result in a total balance of £4,245.39

Please note this is an illustration only and does not reflect your specific circumstances.

How do I open and manage my account?

Who is eligible?

This account is only available to customers aged 16 to 20. If you already have any other regular saver account with the Society, you are not eligible to open this account. Only one account per person is permitted. This account is available to existing and new customers who are personal savers resident in the UK. 

How do I operate my account?

Any queries regarding your account can be dealt with via branch, email or telephone. Instructions on your account are required in person, at branch or in writing. 

How do I open my savings account?

You may open your account at any one of our branches or via post. 

What is my minimum opening and operating balance?

£100 

What is my maximum operating balance?

£4,200

What is my maximum investment?

£350 per month

Can I withdraw money?

No withdrawals are permitted in the first 12 months unless the account is closed.  Prior to the anniversary of your Young Regular Saver being opened we will provide you with details of other accounts available to you. 

Additional Information

You are not obliged to save into your account every month and you will not be penalised if you miss a monthly deposit.

Application forms

Savings Application Form (Up to 2 people) pdf icon Savings Application Form (Up to 4 people) pdf icon Trust Application Form pdf icon Identification Requirements for Entities pdf icon Identification Requirements for Private Individuals pdf icon

How to apply for our Young Regular Saver

Branch

Find your nearest branch for more information or to make an appointment.

Phone

Call our team for more information on how you can open an account.

Post

You can apply now by printing the relevant application form at home.