Closed Issue - 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.
Key features
- Can be operated on the Internet
- 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
- Interest paid annually on the 1st January
- Easy access without loss of interest on the amount withdrawn
- Minimum investment and balance £50
- Maximum investment £1 million
- Withdrawals have to be confirmed in writing by a parent or guardian if the account holder is under 7 years of age
- HeadStart (Deposit) Account is not a share account. It does not offer membership of the Society.
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.
Key features
- Can be operated on the Internet
- The interest rate that we pay on this account may go up and down from time to time
- Easy access to your money without notice or loss of interest on the amount withdrawn
- Minimum investment and balance of £25
- Interest paid annually on 1st January
- Withdrawals have to be confirmed in writing by a parent or guardian if the account holder is under 7 years of age
- Share account,for personal customers only.
When the account holder reaches the age of 24 we reserve the right to close the account and transfer the balance to our variable rate Easy Plus account.
Many children and young people can receive interest gross and other tax benefits may be available to parents or relatives who open a HeadStart account for a child