This account is designed specifically for customers aged 18 or under (or parents/grandparents/legal guardians of the child who wish to open an account on behalf of the child - no other family members can open the account such as brother, sister, aunts, uncles etc.) who are looking to deposit monies with instant access.
Account Name | Young 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? |
|
||
Additional Information |
|
||
Specific Terms and Conditions for the Young Savers Account |
1. Account opening and Account Holder: If the young saver is aged 11 or above when the account is opened, then the account can be opened and operated by the child’s parent/grandparent/legal guardian only, the child only or it can be operated requiring either or both signatures for withdrawals. Where a request is received to open an account in the child’s name only (and the child is aged below 16) with no parent/grandparent/legal guardian present, the account cannot be opened unless the parent/ grandparent/legal guardian accompanies the child at account opening or becomes a party to the account. The account will be opened in the name of the child only who is the sole beneficial owner of all funds held or invested in the account and of all dividends or interest accruing there from in all circumstances. 2. Investment Limits: 3. Further Investment: 4. Withdrawals: 5. Interest: 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.
Carmarthen Branch
13-14 Lammas Street,
Carmarthen SA31 3AQ
Tel: 01267 611950
Fax: 01267 611951
Cowbridge Branch
75 High Street,
Cowbridge CF71 7AF
Tel: 01446 506000
Fax: 01446 506001
Mumbles Branch
496 Mumbles Road,
Swansea SA3 4BX
Tel: 01792 739200
Fax: 01792 739201
Swansea Branch
1-4 Portland Street,
Swansea SA1 3DH
Tel: 01792 739100
Fax: 01792 739101
© 2021 Swansea Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register Number: 206066 | terms and conditions | privacy