Junior Regular Saver - Scottish Building Society

Junior Regular Saver

Scottish Building Society
2.15 % AER
Headline Interest Rate
Regular Saver
FSCS
Compensation Scheme
£ 5 min initial deposit
Unlimited max balance
  • Open By:

About the account

Account Type: Regular Saver
Headline Interest Rate: 2.15 % AER
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 5
Minimum Monthly Deposit: £ 5
Minimum Additional Deposit: £ 5
Maximum Monthly Deposit: £ 50
What happens if you miss a payment: At review if 2 monthly payments have been missed, the account will become an Instant Access Saver.
Date account was introduced: 10 Oct 2015
Date of last rate changed: 10 Oct 2015
Maximum rate change: 0.15 %

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
£52.15%2.15%2.15%

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: annually
Additional Deposits: Not allowed
Standing Orders: Allowed
Passbook: Passbook available.

Withdrawals

Withdrawal Conditions: 2 withdrawals can be made every year without notice required.
Minimum Withdrawal: £ 1
Notice and Penalty Charge: There is no notice, penalty, or charge for withdrawals although only 2 withdrawals permitted per calendar year.
Free Withdrawal Conditions: 2 withdrawals are permitted each year.
Minimum balance for instant access withdrawals 5

Conditions

Additional Account Required: Customers must already have or need to open an Instant Access Saver account to fund the monthly deposit.
Trustee Types: This account can be opened by someone on behalf of someone else.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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