Child Savings Bond
An Investment for the future
- An ideal gift for any child aged 0 - 16 years
- Interest is payable annually and at maturity
- The rate is fixed for the term quoted
- View summary of key information
With a healthy and attractive interest rate, opening a Child Savings Bond means you are investing not only money but in your child’s future. It is guaranteed to increase in value if it’s held for the full five years and although you can’t add to a Child Savings Bond, you can enjoy the joy of knowing that you are investing in savings that grow along with your child.
How to apply
- Visit your local Yorkshire Bank branch
What you get
A guaranteed Investment that returns more
- Minimum deposit of £50
- Maximum deposit is £250,000
- An ideal gift for any child aged 0 - 16 years
- Guaranteed to grow if held for the full five year term
- At the end of the five year term money can be re-invested or withdrawn
- Gross* interest for under 16s if an R85 form is signed by the parent or guardian
- Once open, no further deposits can be made to a Child Savings Bond
- Withdrawals from the Child Savings Bond are not permitted during the five year term, except in the event of death of an Account Holder.
Other savings accounts
- Instant Savings Account - access your money quickly and easily
- Savings Account Plus - enjoy a healthy return on your savings
- Term Deposit - hold your account for the full 5 years and you'll receive a guaranteed rate
- 40 Day Notice Account - save as much as you like following your initial deposit of £500 and when you need to withdraw your savings just give 40 days notice
- Cash ISA - a great way to watch your money grow
- Stocks and Shares ISA - make the stock market work for you
- Jumpstart Savers Account - take control of your money
- Headstart Savers Account - start growing your child's savings today
A minimum deposit of £50 is required to achieve the quoted rate. Interest is payable annually and at Maturity and the rate is fixed for the term quoted.
*Gross Rate interest is the interest payable without taking account of the deduction of income tax. For most customers tax will be deducted at the lower rate prevailing at the time of payment (currently 20%).
Full Terms and Conditions are available on request. The Child Savings Bond is only available to children aged 0 - 16 years inclusive.