Family Young Saver
All you need you know
Who can open Family Young Saver?
Family Young Saver is available to young people up to the age of 18. The account can be opened in your child's name, if they are aged 7 or over. It can also be opened on a trustee basis by a parent, guardian or grandparent. We reserve the right to transfer the account to N&P's easy access Instant Reserve account when the youngest person named on the account reaches age 18.
A great rate. This will be a variable rate which will be no lower than 0.5% below the Bank of England Base Rate until 1st January 2010.
Designed to be easy to use. Money can be withdrawn at any time, without notice or loss of interest. A cash card is available to young people aged 13 and over.
It's flexible. You need just £1 to open this account. You can invest your money when you want, and withdraw it when you want.
Interest. Interest is paid annually on 1st January.