Young Saver Easy Access

The interest rate is variable. Interest is calculated daily and added to your account on 31st March. Interest is paid gross without tax deducted.

We have the right to vary the rate of interest at any time.

£1,012.50

This account is available to UK residents only who live within a 25 mile radius of Stockport and are under 18 years old. 

You can open and manage the account in branch or by post. Your transactions and balance will be printed in your passbook. Additionally, you can keep up to date by registering for our Online Services.

An account must be operated by either the parent or guardian, or the account holder. It cannot be operated concurrently by both.

A minimum deposit of £10 is required to open the account. 

The maximum balance is £85,000 plus any interest that is added to the account.

You can deposit by cash or cheque in branch or by standing order or online banking.  

Withdrawals from the account can be made in branch or through our Online Services.

A parent or guardian needs to sign the withdrawal form or give instructions through Online Services if the account holder is under 10. Upon reaching the age of 10 it is at the parent or guardian’s discretion whether to allow the account holder to make withdrawals on their instructions and/or signature.

Please refer to section 12 of the General Savings Terms & Conditions brochure for further information.

Please note that funds saved into a child’s account belong to that child as they are the account holder. If the parent or guardian wants to retain full and complete control over the money given to the child then this account may not be suitable.The balance and all transactions should only be for the benefit of the child.