Young Saver Account
This is a really easy way to save for your child’s future. You can either save for them or encourage them to save for the things they want.
You can open an account in your name in trust for your child until your child reaches the age of 18. These funds belong to the child.
Any child between the age of 11 and 18 who lives in South West Cumbria can open an account and there is no joining fee although we do require at least £1 to be kept in the account at all times.
Payments into the account can be made at any time, providing that they are 50p or over, and withdrawals can be made subject to advertised notice periods.
On reaching the age of 18, your child can change their account into a Member Account just by filling in the application form.
Please note that our free insurance does not apply to the Young Saver Account.