You wish to save money but don’t fancy locking your savings away for a long period. Our First Adult Saver account might be just what you're looking for. Open an account from just £1 and enjoy unlimited withdrawals requiring only seven days’ notice to access your money.

The First Adult Saver Account is a savings account designed for customers between 18 and 40. It is perfect for earning an attractive interest rate whilst maintaining greater financial freedom. Your savings are not locked away for a fixed term like some notice accounts. With our First Adult Saver account, you simply have to inform us 7 days in advance when you wish to access your savings and there is no limit to the number of withdrawals you can make.

This account is a great way to save for a future event, such as buying a property, planning that holiday of a lifetime, or saving for a wedding.

Whether you’re saving to buy a home, for a wedding, a new car, a once-in-a-lifetime holiday or just for a rainy day, you can open an account with as little as £1. The amount you save is your choice, you can save a little at a time or deposit a lump sum up to £40,000.

• Save a little every month - You can save by standing order or by making one-off deposits.
• Access your money with ease - You can take out and transfer money whenever you need with only 7 days’ notice with no limit to the number of withdrawals made.
• Manage your money 24/7 - You can manage your savings via telephone, in branch or online.

To open a First Adult Saver Account with Swansea Building Society, you must be a UK resident and aged between 18 and 40.

0.90% GROSS / AER (variable) on balances of £1 or more- from 01.03.2022

Interest is calculated daily and added to the account half yearly on June 30th and December 31^st.

For example, if you deposit £1,000.00 when you open the account, after 12 months you're going to have a balance of £1,009.00.

Assumptions

• The interest rate remains the same for 12 months
• You don't deposit additional funds following the initial deposit
• You do not withdraw any money or interest.

Check out our range of savings accounts