Children’s Savings Accounts

4.45%

Tax Free*/AER#/variable

• Tax free savings
• No access until child's 18th birthday
• Available to existing members or those in local area

*Tax Free means that interest payable is exempt from income tax. #AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once each year.

4.10%

Gross*/AER#/variable

• Children aged under 13
• Save up to £100 per month
• Available to existing members or those in local area
• No notice needed on withdrawals
• Darly train and carriage money boxes gifted to child as savings milestones are reached

*Gross rate is the rate of interest payable before the deduction of income tax. #AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once each year.

4.10%

Gross*/AER#/variable

• Children aged 13-17 year old
• Save up to £200 a month
• Available to existing members or those in local area
• Optional regular catch-ups as you save
• No notice needed on withdrawals

*Gross rate is the rate of interest payable before the deduction of income tax. #AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once each year.