Young Regular Saver – Issue 1
£10 or more
Under 18 years
- Open with just £10.00 and save up to £15,000.
- Available to savers up to 18 years.
- Available to new account holders and/or operators residing in postcodes LE, NG and DE and existing members residing in the United Kingdom.
- A passbook will be issued when the account is opened
|Young Regular Saver – Issue 1
|What is the Interest Rate?
|Can the Loughborough Building Society change the Interest Rate?
|What would the estimated balance be after 12 months based on a £100 per month deposit?
|How do I open and manage my account?
|Can I withdraw money?
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. Then return your completed form, necessary identification and opening cheque to your preferred branch or post it to Loughborough Building Society, 6 High Street, Loughborough LE11 2QB, alternatively, you can scan your completed, signed application and identity documents to [email protected]. An electronic payment can be made once the account is opened.
If opening an account in the name of a child aged 0-18 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 or scanned documents, not photographs. The copy must be a clear, readable version of the full original document.
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.