Children's Savings Accounts
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Gross*
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AER†
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Includes bonus
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Minimum to open
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Withdrawal notice
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More details
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Dylan's Regular Saver Bond Issue 4
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4.00%
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4.00%
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N/A
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£10
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Not permitted
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More about this product
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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 £342.47 gross* interest at Bond Maturity.
- Closure permitted
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Children's Account
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0.90%
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0.90%
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N/A
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£1
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None
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More about this product
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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).
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* 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.
