The Swansea Building Society offer a Cygnet account for Children under 18 years of age from a deposit of just £1. The current rate is 2.25% A.E.R*/Gross**.

The minimum investment figures quoted apply to investors residing within the Society's normal operational area which is Wales. Investors residing outside of Wales will be required to invest a minimum amount of £5,000.00. This balance must be retained as a minimum pending closure of the account(s). Where an investor residing outside of Wales opens an ISA they will be required to invest monies to a combined value of £5,000 in the ISA and another of the Society's investment account types until the balance on their ISA reaches a minimum of £5,000.

* Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. ** Without UK income tax deducted 

  Cygnet application form