Children's Regular Saver - Saffron Building Society

Children's Regular Saver

Saffron Building Society
4 % AER
Headline Interest Rate
FSCS
Compensation Scheme
£ 5 min initial deposit
£ 1,200 max balance
  • Open By:
High interest rate
Must be under 15 to open

About the account

Headline Interest Rate: 4 % 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: 01 Dec 2015

This account may be appropriate for you if

  • You are under 15 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£54.00%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
Minimum Balance: £ 1
Maximum Balance: £ 1,200
Statement Frequency: maturity
Additional Deposits: Allowed
Standing Orders: Not allowed
Passbook: Passbook available.

Withdrawals

Minimum Withdrawal: £ 1
Notice and Penalty Charge: no notice, penalty or charge
Free Withdrawal Conditions: all w/ds free
Minimum balance for instant access withdrawals 1
Transferred on Maturity: At maturity account will mature into Maturity Easy Access Account.

Conditions

Trustee Types: This account can be opened on behalf of a child or as a formal trust, subject to the trust documents being submitted with the application.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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