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Young Savers' Club
3.35% gross p.a./AER
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This account might be right if you

  • are under the age of 17.
  • would like as many unlimited penalty-free withdrawals as you wish.
  • want to open and manage your account in branch.

This may not be right if you

  • want to save in this account after you turn 17.
  • want to open and manage your account online.
  • would like the security of a fixed return on your investment.

Children's savings account - open in branch only

Download key product information
  • Child must be UK resident, aged 16 or under
  • Open with £1 in branch today
  • Unlimited penalty-free withdrawals
  • Easy access to your savings

Account name

Young Savers' Club.

What is the interest rate and is it fixed?

The annual interest rate is currently set at 3.35% gross p.a./AER*. The interest on this account is variable, this means that it can go up or down. The basis on which we might change your interest rate is set out in our branch savings terms and conditions.

Will I be taxed on the interest?

We will pay your interest without tax taken off. It is your responsibility to declare any interest you earn over your Personal Savings Allowance directly to HMRC. Your tax treatment will depend on your individual circumstances and may be subject to change in the future, for further information please contact HMRC.

Is there a bonus on this account?

No, there is no bonus payable on this account.

Can I withdraw money?

Yes, you can make as many unlimited penalty-free withdrawals as you wish.

How can I open an account?

To open an account call your local branch and speak to an adviser who can book an appointment for you.

Additional information

This account may be withdrawn at any time. There are other savings accounts available with Nottingham Building Society and other banks and building societies. Subject to withdrawal conditions you can switch accounts at any point. You can read our branch savings terms and conditions here.
See more children's accounts

Open a branch savings account today

To open one of our savings accounts call your nearest building society branch to book an appointment.

Find your nearest branch

Good to know

Your savings are covered by the Financial Services Compensation Scheme (FSCS), so your savings are protected. The scheme was set up by the government and is funded by the industry. Savers could get up to £85,000 if their bank or building society goes out of business.

Find out more
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Find out more

Who are Nottingham Building Society?

As a mutual building society, you own us, not shareholders. That means we pass our profits and extra benefits directly to you instead of paying dividends.

Read more about us

How do I open an account?

To open this savings accounts call your local branch to speak to an adviser to book an appointment. You cannot open or manage this account online.

Call your nearest branch

Savings FAQs

Scratching your head about savings? Take a look at questions that our members frequently ask us, which you might also find helpful.

Savings FAQs