3 Year Dylan's Children's Regular Saver Bond Iss 6 - Principality Building Society

3 Year Dylan's Children's Regular Saver Bond Iss 6

Principality Building Society
3 % AER
Headline Interest Rate
FSCS
Compensation Scheme
£ 10 min initial deposit
£ 5,400 max balance
  • Open By:

About the account

Headline Interest Rate: 3 % AER
Headline Interest Balance: £ 10
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 10
Date account was introduced: 15 Dec 2017

This account may be appropriate for you if

  • You are happy not withdrawing funds before the end of the term
  • You are under 17 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£103.00%3.00%3.00%

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: annually
Minimum Balance: £ 10
Maximum Balance: £ 5,400
Statement Frequency: annually
Additional Deposits: Allowed
Standing Orders: Not allowed
Passbook: Passbook available.

Withdrawals

Withdrawal Conditions: No withdrawals permitted during term but early closure is permitted.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: No withdrawals permitted during term.
Transferred on Maturity: If the child is aged 14 or under when the account is opened, it will mature into the Children's Account. If the child is aged 15 or over when the account is opened, it will mature into the Instant Access Account.

Conditions

Trustee Types: This product can be opened, in trust, by an adult for a child. If opened on a trust basis, there can be a minimum of 1 trustee and maximum of 4 trustees and only one beneficiary (child).
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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