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Why choose a Young Savers account?

Whether you are a parent looking to open your child’s first savings account, or a young adult wanting to save for your future, we are passionate about helping you to create good savings habits.

Account Name
Interest Rate
Summary/features
Account Name
First Account - 94
Interest Rate
1.25%AER*
Product Category
Young Savers
  • Save up to £30,000.
  • 1.25% on balances £1+.
  • Interest is paid annually on the 31st March and on account maturity on the child's 17th birthday.
  • £1 minimum opening balance.
Find out more
Account Name
Junior Cash ISA - 300
Interest Rate
1.80%AER*
Product Category
Young Savers
  • Save up to £500,000.
  • 1.80% on balances £100+.2.90% on balances £2,500+.
  • Interest is paid annually on 30th September and on account maturity on the child's 18th birthday.
  • £100 minimum opening balance.
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Account Name
My Squirrel Saver - 647
Interest Rate
2.75%AER*
Product Category
Young Savers
  • Save up to £150 per month.
  • 2.75% on balances £10+.
  • Interest is paid annually on the 31st March and on account maturity on the child's 12th birthday.
  • £10 minimum opening balance.
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Account Name
My Reward Saver - 732
Interest Rate
2.75%AER*
Product Category
Young Savers
  • Save up to £30,000.
  • 2.75% on balances £10+.
  • Interest is paid annually on the 31st March and on account maturity on the child's 17th birthday.
  • £10 minimum opening balance.
Find out more

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

Key features

  • Products tailor-made for young people with competitive interest rates
  • Offers flexibility around saving
  • Lower minimum opening balances*

*Please refer to the specific product details for required opening balances.

Helping young people stay safe online

Protecting young people like Evie, the star of our new ‘Staying Safe Online’ video, from the dangers of fraud and scams whilst using the internet is increasingly important. The internet is becoming an inseparable part of young people’s lives, so it’s important they understand how to stay safe online.

The Society is committed to educating our younger members, about how they can protect themselves from fraud and scams.

That's why we’ve teamed up with Evie, to produce a short video where she explains how young people can protect themselves online. The video provides hints and tips to equip young people with tools that will help them throughout life.

 

Useful links

Withdrawn savings products Useful documents Online Service FAQs Proof of Identification ISA Transfers