First Account - 94

1.25% annual interest rate* on balances £1+.

Interest is paid annually on the 31st March and on account maturity on the child's 17th birthday.

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

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.

If you were to open this account with £1,000 and no further deposits or withdrawals were made you would earn £12.50 interest. This would result in a total balance of £1,012.50.

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

This account is available to new and existing customers between the ages of 0 - 16 years of age, who are individual personal savers resident in the UK. Only one account per person is permitted.

This account requires an account operator if the saver is younger than 11 years old. Parents or adults can sign for withdrawals until you are 16 or can sign it over to you from the age of 11 onwards. If you are 11 or older, you can open and operate your First Account Account in your own name.

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

Original or certified identification must be presented for the child at the point of opening the 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.

£1.

£30,000.

£30,000.

Instant access withdrawals are permitted with this account.

You may make a withdrawal in person at a branch or in writing.

All withdrawals must be for the benefit of the account holder. You may sometimes be asked for additional information on any transaction relating to this account. We do this as an extra measure to make sure the account holder's interests are being protected.

This account requires an account operator if the saver is younger than 11 years old. Parents or adults can sign for withdrawals until you are 16 or can sign it over to you from the age of 11 onwards. If you are 11 or older, you can open and operate your First Account Account in your own name.

On the child’s 17th Birthday, the account will mature into the next savings account we have available for their age range. We will contact the operator or account holder in advance.

Additional investments are permitted.