Who is eligible?
This account is only available to personal savers resident in the UK between the ages of 0-16 years of age, living in DY, WS, WV and B postcodes or existing customers who hold a live account with the Society that was opened prior to 24/01/2022. This account requires an operator if the saver is younger than 11 years old. If you already have any other Junior Easy Saver accounts with the Society, you are not eligible to open this account.
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. Original or certified identification must be presented for the child at the point of opening the account.
What is my minimum opening and operating balance?
£10
What is my maximum operating balance?
£1,800
What is my maximum investment?
£150 per month
Can I withdraw money?
The term of this product is one year. During this time, no withdrawals are permitted unless the account is closed. 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. On the account anniversary, funds will automatically be reinvested into a Junior Easy Saver Instant Access 2 account. At this time we will write to you (and the operator if your account has one) detailing other accounts available to you. We may also require additional identification from you at this time.
Additional Information
If you turn 16 during the Junior Easy Saver 12 month period, on the account anniversary, funds will automatically be reinvested into an adult Easy Saver Instant Access 2 account. At this time we will write to you (and the operator if your account has one) detailing other accounts available to you. We may also require identification from you at this time.
