Dylan's Regular Saver Bond

A Dylan's Regular Saver Bond is a great way to encourage a child to save. It can also be used to build savings on their behalf. It may be right for them if they have a regular amount to invest each month that can be left untouched for three years.

  Interest rate Gross* p.a. AER†
Fixed 3.00% 3.00%
  • Save in branch or by post
  • Save up to £150 a month for three years
  • Minimum initial investment £10
  • Interest is calculated on the daily balance and paid annually
  • Multiple deposits are permitted up to the monthly maximum
  • No withdrawals allowed before the end of the 3 year term
  • Early closure permitted if the child needs access
  • The maximum age for opening this Bond is 17 years
  • Limited availability
Summary Box
  Summary Box
Account Name Dylan’s Regular Saver Bond Issue 6
What is the interest rate? 3.00% Gross* p.a. / AER† (Fixed)

Interest is calculated on your daily balance and paid annually on the anniversary of your bond opening.
Can Principality Building Society change the interest rates? No, the rate on this bond is fixed for 3 years until maturity.
What would the estimated balance be after 12 months based on a £1,800 deposit? £1,829.25 (based on 12 monthly deposits of £150 made on the 1st of each month and the assumption that no further deposits or withdrawals are made).
How do I open and manage my account?
  • The maximum age for opening this bond is 17 years. If the child is over 14, they can open and manage the bond themselves, if the child is under 14 then the bond will need to be opened and managed on their behalf. Only one bond can be opened for each child. The child must be a UK resident to open and operate this account.
  • Open your bond in branch, agency, or by post.
  • Minimum balance is £10, maximum balance is £5,400.
  • You are not obliged to pay into your bond every month.
  • Multiple monthly deposits can be made, as long as you don't exceed the maximum monthly deposit of £150.
  • The bond will mature after three years on the opening anniversary.
  • Manage the bond in branch, agency, or by post.
Can I withdraw money?
  • No, you cannot make any withdrawals prior to maturity.
  • The bond can be closed if needed; in this case interest will be calculated at the rate above on the daily balance from the date of opening to the date of closure.
  • Depending on the age of the account holder at maturity, the balance will be transferred to our Children’s Account or Instant Access Account or its nearest equivalent.
  • We will write to you before your before your bond matures to let you know what you can do with your balance.
  • If the account is closed or a withdrawal is made at maturity on the child's behalf, this must be for the child's benefit.
  • From the child's 14th birthday onwards, the person or people managing the account can decide to pass control of the account to the child. After this, only the child can make withdrawals.
Additional information
  • Service charges and costs may apply to your account. These are outlined in our Tariff of Charges.
  • If the total amount of interest you earn exceeds your Personal Savings Allowance then you may have to pay tax directly to HMRC. For more information visit www.gov.uk/savings-for-children
  • In certain circumstances we may refuse an instruction to operate an account. These circumstances are outlined on page 5 of the Savings Terms and Conditions.
  • Rates correct as at 07/12/16.
Calculate your savings

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  1. The results displayed were dependent on the information you provided and are for illustrative purposes only and are by no means an indication of being suitable for your individual circumstances.
  2. The calculations assume interest is paid gross* of income tax on the entire balance on an annual basis
  3. It has been assumed that no withdrawals or additional deposits would be made from the account during the saving duration, and that the interest rate also remains the same during this time (note that interest rates on variable rate savings account are subject to change, and when fixed rate deals end, there is no guarantee that the same rate will be available in the future). 

Before you apply below, please read the 3 Year Dylan's Regular Saver Bond Issue 6 Terms & Conditions


As the child will be bound by the Account Terms you must read them on their behalf. If you do not understand any of the terms and conditions please contact us for further information.

We recommend that you print and keep a copy of these terms and conditions for your records.

Please also read the following:

* 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.

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Dylan Regular Saver Bond Issue 6


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