Children's Regular Saver Issue 1 - Barclays

Children's Regular Saver Issue 1

Barclays
3.5 % AER
Headline Interest Rate
FSCS
Compensation Scheme
£ 5 min initial deposit
£ 1,200 max balance
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About the account

Headline Interest Rate: 3.5 % AER
Headline Interest Balance: £ 5
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 5
Date account was introduced: 15 Dec 2017

This account may be appropriate for you if

  • You are under 16 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£53.45%3.45%3.50%

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: monthly
Minimum Balance: £ 0
Maximum Balance: £ 1,200
Statement Frequency: annually
Additional Deposits: Allowed
Standing Orders: Not allowed

Withdrawals

Withdrawal Conditions: Withdrawals and closure are permitted subject to a lower interest rate of 1.50% gross 1.51% AER fixed, payable for any month in which a withdrawal is made or the account is closed.
Minimum Withdrawal: £ 1
Notice and Penalty Charge: Withdrawals permitted subject to a lower interest rate of 1.50% Gross 1.51% AER payable for any month in which a withdrawal is made.
Free Withdrawal Conditions: Withdrawals permitted subject to a lower interest rate paybale for any month in which a withdrawal is made.
Transferred on Maturity: The account transfers to a Children's Instant Saver on maturity.

Conditions

Trustee Types: This account can be opened on behalf of someone else or by a formal trust but only as a bare trust, full trusts are available via business banking.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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