Nurture a savings habit for your child with our Young Savers' Club. Designed for those under 17, this account offers a variable interest rate with the flexibility of unlimited, penalty-free withdrawals. Start saving for their future with as little as £1 and watch their savings grow.
Will I be taxed on the interest?
We will pay your interest without tax taken off into this or another suitable account of your choice. It is your responsibility to declare any interest you earn over your personal savings allowance directly to HMRC. Your tax treatment will depend on your individual circumstances and may be subject to change in the future. For further information please contact HMRC.
Additional information
The interest on this account is variable, this means that it can go up or down. The basis on which we might change your interest rate is set out in our branch savings terms and conditions. This is a limited issue account which could be withdrawn at any time. There are other savings accounts available with Nottingham Building Society and other banks and building societies. Subject to withdrawal conditions you can switch accounts at any point.
To open one of our savings accounts call your nearest building society branch to book an appointment.
Your savings are covered by the Financial Services Compensation Scheme (FSCS), so your savings are protected. The scheme was set up by the Government and is funded by the industry. Savers are protected up to £85,000 if their bank or building society goes out of business.
Find out moreAs a mutual building society, you own us, not shareholders. That means we pass our profits and extra benefits directly to you instead of paying dividends.
To open this savings accounts call your local branch to speak to an adviser to book an appointment. You cannot open or manage this account online.
Scratching your head about savings? Take a look at questions that our members frequently ask us, which you might also find helpful.
