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.
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Young Savers
Designed to help young people save for their future and understand the importance of saving.
Why choose a Young Savers account?
Account Name
Interest Rate
Summary/features
Account Name
First Account
Interest Rate
2.55%AER*
Product Category
Young Savers
- Save up to £30,000
- 2.55% annual interest rate
- Interest is paid annually on the 31st March
- £1 minimum opening balance
Account Name
Cash Junior ISA
Interest Rate
3.15%AER*
Product Category
Young Savers
- Save up to £500,000
- 3.15% annual interest rate on balances £100+
- 4.25% annual interest rate on balances £2,500+
- Interest is paid annually on the 30th September
- £100 minimum opening balance
Account Name
My Reward Saver
Interest Rate
4.05%AER*
Product Category
Young Savers
- 4.05% annual interest rate
- Interest is paid annually on 31st March
- Customers can participate in our quarterly prize draw
- £10 minimum opening balance
- Available to customers between the ages of 12 - 15 years of age
Account Name
My Squirrel Saver
Interest Rate
4.05%AER*
Product Category
Young Savers
- This product is only available to open in one of our branches. Maturity customers can open their account via post.
- Save up to £150 per month
- 4.05% annual interest rate
- Interest is paid annually on 31st March
- £10 minimum opening balance
- Available to customers between the ages of 0 - 11 years of age
*AER stands for the Annual Equivalent Rate and illustrates what the Interest rate would be if interest was paid and added each year.
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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.