- Minimum monthly deposit: £1.
- Maximum monthly deposit: £100.
- Total maximum investment per account year: £1,200 (lump sum deposits are not allowed).
- Available to savers up to the age of 16 years.
- Available to new members and existing members residing in the United Kingdom.
- This account can be operated via branch and post.
- A passbook will be issued when the account is opened.
Young Monthly Saver
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Terms and Conditions
Before opening this account please read our General Terms and Conditions.
Financial Services Compensation Scheme
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations. It’s important that you read the FSCS Information Sheet. It provides basic information about the protection of your savings deposits.
Opening an account is easy and you can do that in any of our branches or by post.
Simply download, print and complete the application form of the account you choose. Then return the completed form, necessary identification and opening cheque to your preferred branch or post it to Loughborough Building Society, 6 High Street, Loughborough LE11 2QB.
If opening an account in the name of a child aged 0-16 years, you will need the child’s birth certificate. Where the account is to be opened with an adult registered as the operator we will also need identification for the adult or each adult where more than one operator is registered. We also need to verify the identity of the person with parental responsibility (as shown on the birth certificate).
Cheques must be payable to the account holder.
For postal applications we will accept photocopy identification documents as long as they are certified by an appropriate person such as a solicitor, accountant, bank or building society official or other financial services approved person and we are provided with sufficient information to be able to contact that person.
You should read all the product information to ensure this account is right for you and also the Financial Services Compensation Scheme Information Sheet and our General Terms and Conditions.
Download an application form