An account for young adults 11-17 years
Your relationship with money now will shape your attitudes and habits in the future. Saving will help you generate a greater awareness of your money, giving you ownership and direct experience with managing money and making choices.
Whether you're a young adult wanting to open a savings account for yourself, or a parent saving for your child's future, this instant access savings account is perfect for saving while being able to access your money whenever you need.
If you want to spend as well as save why not apply for our new Teen Debit Card? Available for a simple monthly fee of £3 – no hidden fees or charges.
| Eligibility |
You must be 11 years of age or older and live or work in the DL, DH, HG, NE, SR, TS or YO postcode area
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| Minimum/Maximum Balance | £0 - £50,000 |
| Ways to Save |
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| Instant Access |
Withdrawals via cash, cheque, or electronic transfer can be made at our main office
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| Dividend | Dependent on whether we make a surplus, we offer members a return on their savings in the form of a dividend. This is agreed by our members at the Annual General Meeting |
| Parental Control | If it is the parent/guardian who opens the account, they can manage this account and can pass control to the child whenever they like |
| Online Access | View your balance online and request for transfers to be made |
| Your money is safe with us | All deposits of up to £85,000 are protected by the Financial Services Compensation Scheme (FSCS) |
Got a question about our Young Adults Account? Get in touch. We will always be happy to help.
