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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
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 - 16 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.

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.