Bonus account
saving, learning and... earning
In a nutshell...
- Gets children used to the idea of putting money away – rather than spending it in a flash!.
- It grows with them – they'll gradually be introduced to the importance of budgeting, how to use a cash card and how to keep track of their money through quarterly statements.
- Any adult can open a Bonus account on behalf of a child aged 16 and under, and the adult will have full control and/or access over child’s account.
- Any child aged between 7 and 17 years, 9 months, can open the Bonus account in their sole name, which means that only they will have full control and/or access to their account. View our current interest rates.
For an application form for a bonus account call 08457 240 752 or visit your local branch.
Jumbo sized benefits...
- We think any incentive we offer should teach children something worthwhile too. So, we've linked up with the Born Free Foundation, an international charity that campaigns for the protection and conservation of wild animals in their natural habitat.
- Educational gifts supplied by the Born Free Foundation at three important stages in the lifecycle of your child's account.
- At the same time we'll make a donation to the charity.
- Find out more about Born Free at www.bornfree.org.uk.
For an application form for a bonus account call 08457 240 752 or visit your local branch.
Please read...
(These will open in new windows)
- Terms and Conditions (PDF - 0.1Mb)
- Summary box (PDF - 0.1Mb)
Gross rate means the contractual rate of interest paid before deduction of income tax at the rate specified by law.
Net is the rate of interest that would be payable after allowing for the deduction of income tax at the rate specified by law.
AER means the Annual Equivalent Rate and illustrates the contractual rate of interest as if paid and compounded each year.
