Cybersave Children’s Account
Help your child to manage their money and
watch it grow
- Tiered interest - paid 4 times a year
- Interest paid gross on savings if an R85 tax form is completed by a parent or guardian
- Keep track of savings with regular statements
- View summary of key information
The Cybersave Account from Yorkshire Bank is a great way for under 17s to earn interest on their savings. With tiered interest paid gross on balances, you can you use the Cybersave Account to help a young person learn how to manage their money.
How to apply
- Visit your local Yorkshire Bank branch
- Telephone on 0845 602 6198 (Monday - Sunday 8.00am - 8.00pm)
What you get
The account that grows with your child
- 2 levels of account for under 10s and 10-16 year olds (accounts for children under 10 years must be operated by an adult)
- ID card, detailing the account holder’s name and account number
- Tiered interest - paid four times a year
- Interest paid gross* on savings if an R85 is completed by a parent or guardian
- Regular statements to help keep track of savings
- Dual-Function Debit Card with Maestro facility for children over 10 years old
- Account holder has full control of the account if parents, guardian or grandparents give consent and the rules allow it (children over 10 years only).
Other savings accounts
- Savings Account Plus - enjoy a healthy return on your savings
- Term Deposit - hold your account for the full 3 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
- Cybersave - help your child to manage their money
- Child Savings Bond - a great investment for your child’s future
- Child Trust Fund - give your child's savings a flying start
*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%).
Terms and Conditions for the Cybersave Account are available on request. The Cybersave Account is only available to children under 17.
For your security, calls may be monitored or recorded.