Child’s Star Account
This popular account offers a very attractive rate of interest to encourage young savers.
| Summary Box Key Product Information for our Savings Accounts |
|
Account Name |
Child’s Star Account |
Interest Rates (AERs) |
Interest is paid twice yearly on 30th June and 31st December each year. Interest rate is variable.
For current rates, please refer to interest rate leaflet. |
Tax Status |
If you are entitled to receive interest without paying income tax, fill in an Inland Revenue Form R85. You can obtain one from the Society. If you don’t know whether you can obtain interest without paying tax, ask your nearest Tax Enquiry Centre or Tax Office. If you are investing on behalf of an organisation which qualifies for gross interest, please ask for a special declaration form. |
Conditions for bonus payments |
Minimum investment £1.00 Maximum investment £100,000.00 |
Withdrawal arrangements |
Withdrawals can be made at any time. |
Access |
By branch or post. |
ANNUAL INTEREST
| INVESTMENT (£) | GROSS % | NET % | AER % |
| 1+ | 0.80 | 0.64 | 0.80 |
Minimum Balance |
£1 |
Maximum Age |
18 |
Interest |
Additional payments can be made to your account at any time Interest is paid half yearly on 30th June and 31st December and credited to the account. |
Withdrawals |
Withdrawals are available at any time subject to our usual limits. |
