Our Junior Saver Shares account is for young people up to the age of 18 years old who would like to save for the future, or for parents, guardians or relations who wish to invest on behalf of a minor (if the young person is under 7 years old we will ask that the application form is signed by an adult), as trustees. The account can be opened with as little as £1 and the maximum balance is £10,000.
When the young person reaches 18 the account will mature, if no instructions have been received, the account will be closed and transferred to a holding account which pays an interest rate equivalent to that of the lowest band of our Instant Access Shares.
Annual bonus credited to the account on the young persons birthday
Variable annual interest paid on 31st December and at maturity
The account can be opened with £1 and you can save up to £10,000
One account for each young person aged between 0-18 (or on their behalf)