Closed issue accounts - Children's
Headstart account (deposit)
This account was available to anyone under the age of 24, and could be opened by a parent/guardian or the account holder personally. Further information
Current rates
| Account balance | Gross* | Net** | AER*** |
|---|---|---|---|
| Current rates effective from 24/04/08. Tiered rates of interest - the more you save, the more you could earn. The interest rates that we pay on this account may go up and down from time to time. Maximum age- 23 years old. | |||
| £25 and over | 4.65% | 3.72% | 4.65% |
Previous rates
| Account balance | Gross* | Net** | AER*** |
|---|---|---|---|
| Previous rates effective from 21/02/08. Tiered rates of interest - the more you save, the more you could earn. The interest rates that we pay on this account may go up and down from time to time. Maximum age- 23 years old. | |||
| £25 and over | 4.90% | 3.92% | 4.90% |
NetmasterGold Children's account
A children's savings account that’s designed as a trust account for parents who want to save on behalf of their children who are under the age of 16. This account is reserved exclusively for our NetmasterGold service customers. All you do is transfer money out of your Netmaster Gold Current Account into this one – an entirely painless process!
All you need to know about the NetmasterGold Children's account
Current rates
| Account balance | Gross* | Net** | AER*** |
|---|---|---|---|
| Current rates effective from 24/04/08. The interest rate that we pay on this account may go up and down from time to time. |
|||
| £1 - £10,000 | 4.65% | 3.72% | 4.65% |
Previous rates
| Account balance | Gross* | Net** | AER*** |
|---|---|---|---|
| Previous rates effective from 21/02/08. The interest rate that we pay on this account may go up and down from time to time. | |||
| £1 - £10,000 | 4.90% | 3.92% | 4.90% |
Headstart account
HeadStart is available to anyone under the age of 24. HeadStart can be opened by a parent/guardian or the account holder personally. HeadStart is an easy access account that offers attractive tiered rates of interest and encourages saving. Further information
Current rates
| Account balance | Gross* | Net** | AER*** |
|---|---|---|---|
|
Current rates effective from 24/04/08. The interest rate that we pay on this account may go up and down from time to time. Maximum age 23 years old. |
|||
| £25 and over | 4.65% | 3.72% | 4.65% |
Previous rates
| Account balance | Gross* | Net** | AER*** |
|---|---|---|---|
| Previous rates effective from 21/02/08. The interest rate that we pay on this account may go up and down from time to time. Maximum age 23 years old. | |||
| £25 and over | 4.90% | 3.92% | 4.90% |
Headstart II Account
Anyone under the age of 24 can open their own HeadStart II account as can a parent or guardian and all it takes is £1! This easy access account encourages saving.
All you need to know about the HeadStart II account
Current rates
| Account balance | Gross* | Net** | AER*** |
|---|---|---|---|
| Current rates effective from 24/04/08. The interest rate that we pay on this account may go up and down from time to time. Maximum age 23 years old. | |||
| £1 - £10,000 | 4.65% | 3.72% | 4.65% |
Previous rates
| Account balance | Gross* | Net** | AER*** |
|---|---|---|---|
| Previous rates effective from 21/02/08. The interest rate that we pay on this account may go up and down from time to time. Maximum age 23 years old. | |||
| £1 - £10,000 | 4.90% | 3.92% | 4.90% |
Children's Loyalty Bond
This special account is reserved exclusively for our loyal customers and guarantees to pay a higher rate of interest than our standard Five Year Fixed Rate Bond. It is available to any customer under the age of 24 and parents and guardians acting as trustees, who have held an account with us for four years or more.
Current rates
| Account balance | Gross* | Net** | AER*** |
|---|---|---|---|
|
Current rates effective from 22/01/2008. Minimum investment £500. While the balance is below the minimum investment, the interest rate payable will be the same as that payable for our Investment Share account (excluding bonus interest rates) as varied from time to time (please call 0845 300 2511 for details). We also reserve the right to close the account if the minimum investment is not maintained. |
|||
| £500 - £25,000 | 5.15% | 4.12% | 5.15% |
Previous rates
| Account balance | Gross* | Net** | AER*** |
|---|---|---|---|
| Previous rates effective from 18/12/2007. Minimum investment £500. While the balance is below the minimum investment, the interest rate payable will be the same as that payable for our Investment Share account (excluding bonus interest rates) as varied from time to time (please call 0845 300 2511 for details). We also reserve the right to close the account if the minimum investment is not maintained. | |||
| £500 - £25,000 | 5.45% | 4.36% | 5.45% |
Definitions
* Interest will be paid gross (that is before the deduction of income tax) to non-taxpayers subject to eligibility and the required registration. Otherwise interest will be paid after deduction of income tax at the appropriate rate. Please note that gross interest can only be paid to customers aged 16 or over if they are the named account holder.
** Net rates (that is after the deduction of income tax) shown are for illustrative purposes only. The interest you earn on this account will currently be taxed at the rate of 20%.
*** AER means Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year.