Young Saver Account

Available for anyone under 18

Young Saver Account

Teaching children how to save is an important step to prepare them for financial responsibility and a secure future.

No membership fee is charged to junior savers. Accounts are automatically transferred to an adult account at no additional cost, when the child turns 18. Deposits can be made by cash or cheque at any of our Branches, or a standing order can be set up. A Young Saver Account is an ideal way to teach a child how to save regularly, and understand the importance of saving. Learning to manage money from an early age will give them a stronger financial footing when they are older. An interest rate is paid on Young Saver accounts, following approval at our AGM. Young savers are not able to access any lending products we offer.

- I am under 18 years of age.
- I live or work in Dorset or Somerset and adjoining parishes (Our Common Bond).

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