Simple and easy to use with plenty of access to savings, our Young Savers accounts allow plenty of flexibility and promote good savings habits early.
| Account | Interest rate | Open from | Withdrawals | Useful information | |
|---|---|---|---|---|---|
| Young Saver Easy Access | 3.60% Gross p.a3.60% AER |
£1 | Unlimited |
|
View |
You will need a signed letter from SMBC, which a supervising social worker can provide in place of proof of address. You will also need a copy of the child's birth certificate to open the account.
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Did you know that your eligible deposits with the Vernon are protected up to a total of £85,000 (£170,000 for joint accounts) by the Financial Services Deposit Scheme (FSCS), the UK's deposit guarantee scheme?
Learn more about the FSCS