Young Regular Saver - Mansfield

Young Regular Saver

Mansfield
2.5 % AER
Headline Interest Rate
Regular Saver
FSCS
Compensation Scheme
£ 1 min initial deposit
£ 400,000 max balance
  • Open By:

About the account

Account Type: Regular Saver
Headline Interest Rate: 2.5 % AER
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 1
Minimum Monthly Deposit: £ 1
Minimum Additional Deposit: £ 1
Maximum Monthly Deposit: £ 500
What happens if you miss a payment: If 2 or more consecutive regular payments are missed a reduced rate of interest will be paid.
Date account was introduced: 19 Dec 2011
Date of last rate changed: 19 Dec 2011
Maximum rate change: -0.5 %

This account may be appropriate for you if

  • You are under 17 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£12.50%2.50%2.50%

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: annually
Statement Frequency: not issued
Additional Deposits: Not allowed
Standing Orders: Allowed
Passbook: Passbook available.

Withdrawals

Withdrawal Conditions: Withdrawals are restricted to 2 per year without notice or loss of interest. Additional withdrawals subject to loss of 90 days interest on amount withdrawn. The closure terms are the same as the withdrawal terms.
Minimum Withdrawal: £ 1
Notice and Penalty Charge: Withdrawals are restricted to 2 per year without notice or loss of interest. Additional withdrawals subject to loss of 90 days interest on amount withdrawn.
Free Withdrawal Conditions: Withdrawals are restricted to 2 per year without notice or loss of interest. Additional withdrawals subject to loss of 90 days interest on amount withdrawn.

Conditions

Area Restrictions: Only available to customers who live in Nottinghamshire, Derbyshire or South Yorkshire, or members with 1 years continuous membership.
Trustee Types: This account can be opened on behalf of a child as a parent trustee for child or in formal trust providing the correct documentation is received, but only where the beneficiary is under the age of 18.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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