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CHILDREN'S SAVINGS ACCOUNTS

Children’s savings accounts from Principality not only offer competitive interest rates, they also help to teach your child the value of money. Whether you choose to open a children’s savings account to encourage your child to save for the future or show him/her how to save for a goal, Principality offer a range of savings accounts with flexible and competitive benefits.

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Children's Savings Accounts

Gross* AER† Includes bonus Minimum to open Withdrawal notice More details
Dylan's Regular Saver Bond Issue 5 3.00% 3.00% N/A £10 Not permitted More about this product

A child's savings account is a great way to give children a solid financial start in life and it doesn't take a lot to get into the habit of saving regularly.

  • Fixed interest rate for a 3 year term
  • Interest is calculated daily and paid annually on the anniversary of the account opening date
  • Invest from £10 to £150 per calendar month for a 3 year period
  • If a monthly investment is missed within any 12 month period you will receive the rate of interest paid on the Children's Account for the full 12 month period 
  • If you make a £150 cash investment into your Bond each month on the same date as the date your Bond was opened you will earn £255.12 gross* interest at Bond Maturity.
  • Closure permitted

 

Children's Account 0.90% 0.90% N/A £1 None More about this product

Our Children's Account is the ideal way to start saving for your child's future, because it makes saving both enjoyable and rewarding.

  • Variable interest rate
  • Account only available to persons under 18 years old. 
  • Minimum balance is £1. Maximum balance is £25,000.
  • Matures on the child's 18th birthday. On maturity the account will be transferred into Instant Access Savings Account (or equivalent).

* Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

† AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded once each year.

# Net is the rate of interest payable after the deduction of income tax at the rate specified by law.

 

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Principality Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, reference number 155998.