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Young Savers + Account
Take a look at our account for those from birth to 16 years old
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Summary Box - Key Product Information for our Savings Accounts |
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Account Name |
Young Savers + Account |
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Interest Rates (AERs) |
• See a full list of our current interest rates • Interest is variable and is paid annually on 31st October. |
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Tax Status |
• If you are under 16, the form R85 (if appropriate) must be completed and signed by a parent or guardian. On reaching the age of 16, a new form R85 (if appropriate) must be signed by you. If we do not receive this, interest will be paid net of tax. You should refer to HM Revenue & Customs rules and the R85 Helpsheet before registering an R85 on a child’s account |
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Conditions for bonus payment |
N/A |
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Withdrawal arrangements |
• Instant access subject to the Society's normal withdrawal limits |
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Access |
Branch / Post. Download an application form to complete and send or bring into a branch with relevant ID and initial deposit. Please read the important Guidance Notes for Operators of young savers accounts. |
• Minimum Opening Balance: £1.00
• Maximum: £20,000
• Available to savers up to 16 years.
• Only one saver can be linked to an account.
• A passbook will be issued when the account is opened.
• We will contact you around your 16th birthday to advise you of the options available.
• Available only to new members residing in the LE, DE & NG postcodes and existing members.
How to apply
Opening an account with The Loughborough could not be easier – in the product information above is an application form, download and complete this form and take or post it to your nearest branch.
You will also need to bring along identification and your initial investment. All postal applications need to be sent to our Head Office
Alternatively, you can call us on 01509 631 960 or request a call back at a time convenient to you.
