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Why choose a Young Savers account?

Whether you are a parent looking to open your child’s first savings account, or a young adult wanting to save for your future, we are passionate about helping you to create good savings habits.

Account Name
Interest Rate
Summary/features
Account Name
First Account
Interest Rate
2.30%AER*
Product Category
Young Savers
  • Save up to £30,000
  • 2.30% annual interest rate
  • Interest is paid annually on the 31st March
  • £1 minimum opening balance
Find out more
Account Name
Cash Junior ISA
Interest Rate
2.90%AER*
Product Category
Young Savers
  • Save up to £500,000
  • 2.90% annual interest rate on balances £100+ 
  • 4.00% annual interest rate on balances £2,500+
  • Interest is paid annually on the 30th September
  • £100 minimum opening balance
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Account Name
My Squirrel Saver
Interest Rate
3.80%AER*
Product Category
Young Savers
  • This product is only available to open in one of our branches. Maturity customers can open their account via post. 
  • Save up to £150 per month
  • 3.80% annual interest rate 
  • Interest is paid annually on 31st March 
  • £10 minimum opening balance 
  • Available to customers between the ages of 0 - 11 years of age
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Account Name
My Reward Saver
Interest Rate
3.80%AER*
Product Category
Young Savers
  • 3.80% annual interest rate
  • Interest is paid annually on 31st March
  • Customers can participate in our quarterly prize draw
  • £10 minimum opening balance
  • Available to customers between the ages of 12 - 16 years of age
Find out more

*AER stands for the Annual Equivalent Rate and illustrates what the Interest rate would be if interest was paid and added each year.

Key features

  • Products tailor-made for young people with competitive interest rates
  • Offers flexibility around saving
  • Lower minimum opening balances*

*Please refer to the specific product details for required opening balances.

Helping young people stay safe online

Protecting young people like Evie, the star of our new ‘Staying Safe Online’ video, from the dangers of fraud and scams whilst using the internet is increasingly important. The internet is becoming an inseparable part of young people’s lives, so it’s important they understand how to stay safe online.

The Society is committed to educating our younger members, about how they can protect themselves from fraud and scams.

That's why we’ve teamed up with Evie, to produce a short video where she explains how young people can protect themselves online. The video provides hints and tips to equip young people with tools that will help them throughout life.

 

Useful links

Withdrawn savings products Useful documents Online Service FAQs Proof of Identification ISA Transfers