Halifax Kids' Regular Saver - Halifax

Halifax Kids' Regular Saver

Halifax
4 % AER
Headline Interest Rate
Regular Saver
FSCS
Compensation Scheme
£ 10 min initial deposit
£ 1,200 max balance
  • Open By:
High interest rate
Must be under 15 to open

About the account

Account Type: Regular Saver
Headline Interest Rate: 4 % AER
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 10
Minimum Monthly Deposit: £ 10
Minimum Additional Deposit: £ 10
Maximum Monthly Deposit: £ 100
What happens if you miss a payment: If a monthly payment is missed the account will stay open, however the maximum overall amount that can be invested will be reduced.
Date account was introduced: 07 Jun 2016

This account may be appropriate for you if

  • You are happy not withdrawing funds before the end of the term
  • You are under 15 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£104.00%4.00%4.00%

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: maturity
Statement Frequency: annually
Additional Deposits: Not allowed
Standing Orders: Allowed

Withdrawals

Withdrawal Conditions: No withdrawals permitted during term of account. Early closure of the account is permitted without notice, penalty or charge.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: No withdrawals permitted during term of account.
Transferred on Maturity: On maturity the account will become a variable rate easy access account.

Conditions

Trustee Types: This product is available to open on behalf of a child.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse
Restricted Availability: Regular monthly payments must be made into this account by standing order from a parent or guardian's bank account.

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