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.
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 31st.
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.
You can use modular design to get the exact building blocks you need to build beautiful website and landing pages.
|Account Name||First Adult Saver|
|What is the Interest Rate?||
|Can Swansea Building Society change the interest rate?||
|What would the estimated balance be after 12 months||
|How do I open and manage my account?||
|Can I withdraw money?||
|Specific Terms and Conditions for the First Adult Saver Account||
1. Account opening and Investment Limits:
When the account holder reaches the age of 41, the account balance will be transferred to a suitable Swansea Building Society account unless otherwise instructed. We will write to the account holder before this time explaining the options available which include closing the account and withdrawing the funds.
2. Investment Limits:
3. Further Investment:
6. Terms and Conditions:
The information provided is a summary of the key features of the savings account and is not intended to be a substitute for reading the terms and conditions that apply to the account.
Hard copy - If you would prefer to print off or save the information on this page you can download a PDF here.
You can download any of our application forms or related documentation here. If you need any assistance, please contact your local branch where one of our team will be happy to help you. For details of how to contact your local branch, please see our ‘Contact Us’ page.