HeadStart II Account

Overview

What people sometimes forget is that many children and young people can receive their interest gross. That means your HeadStart II account could be paying more interest than an account where the interest is taxed - a bonus you can’t ignore. Furthermore, parents or relatives who open a HeadStart II account for a child may also be entitled to tax benefits. We suggest you talk to a Financial Adviser about this so to talk to one of ours by arranging an interview or calling 0845 300 2511.

Manage your money on-line

With this account you have the ease and convenience of being able to check and manage your money on-line and have access to your cash 24 hours a day, 365 days a year.

Notice-free withdrawals

Withdrawals can be made at any time without notice or loss of interest. Please note that if the account holder is under seven years of age, we ask that all withdrawals be confirmed in writing by a parent or guardian.

Other information

The interest we pay on this account may go up and down from time to time; interest is paid annually on 1 January.

The minimum investment and balance is £1; the maximum investment and balance is £10,000.

Only one HeadStart II account can be opened per customer.

We will aim to contact you before the account holder or beneficiary (or the eldest, where there are two or more account holders or beneficiaries) reaches the age of 24 to discuss the accounts into which you can transfer your money. Unless instructed otherwise, we reserve the right to transfer the balance to our variable rate Easy Plus account or return the money to the account holder.