Junior Saver (2)

An easy and flexible way of helping your children build up a pot of money for the future.

Your savings are protected.

FSCS - Your savings are protected 
Annual interest (AER gross) Account rate type Minimum opening amount Additional information Monthly interest option? Withdrawal limits Available to new customers?
4.25% to 4.50%
  • Variable
  • Interest rates depend on balance
  • Open and manage by post or in branch
No 12 allowed annually Yes

Key features

View summary box
  • Apply for an account by post or at our Epsom branch
  • Save from £1 up to £25,000
  • One account can be opened per child
  • Variable tiered interest rate to reward those who save more
  • Interest paid annually on 31 January and added to the account
  • Additions are allowed but not required on a regular basis
  • Add to your savings* by transfer from your bank or building society account, by cheque or by transfer from another account with us
  • Easy access to your savings with up to 12 withdrawals available per calendar year without an access charge
  • Withdrawals will be paid by transfer to a designated bank account; either the child's bank account if they have one, or the trustee's bank account
  • Passbook account

* To send additional savings directly from your bank account the banking details you’ll need can be found on the back of your new account Certificate.

Before you apply, please read the account summary box below. It is not intended to be a substitute for reading the Product Features leaflet and General Conditions for our Savings Account booklet.

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Account summary box

Account name

Junior Saver (2)

What is the interest rate?

Rate effective from 31 August 2023
  • Interest rates are dependent on balance amount
  • Interest is calculated daily and paid annually on 31 January

Can the Family Building Society change the interest rate?

Yes, the interest rate is variable and may be changed. Please refer to Section 14 of the General Conditions for our Savings Accounts booklet for more information on when we may make changes to the interest rate and how this will be communicated.

What would the estimated balance be after 12 months based on a £1,000 and £3,000 deposit?

Opening balance
Projected balance (Gross)
  • These projections assume that the account is opened with the stated amount with no additions or withdrawals made. Projected balance is at the end of 12 months
  • All projections are provided for illustrative purposes only and do not take into account individual circumstances
  • Actual interest may depend on the date the account is opened and the date that interest is paid

How do I open and manage my account?

  • The Junior Saver can be applied for by post or at our Epsom branch
  • A minimum of £1 must be deposited
  • It can be operated by phone, by post or at our Epsom branch
  • The account is opened and operated on behalf of a child by a person with parental responsibility. A child can open and operate their own account from the age of eight

Can I withdraw money?

  • There is a minimum withdrawal of £10
  • Up to 12 withdrawals per year are allowed with no access charge. Please see the ‘Taking money out’ section of the Product Features leaflet for full information

How can I make deposits?

  • A minimum of £1 must be deposited
  • Variable tiered interest rate to reward those who save more
  • Additions are allowed but not required on a regular basis
  • Add to savings by transfer from your bank account, by cheque or by transfer from an existing savings account with us

Additional information

Interest is paid annually on 31 January. It will be added to your account and available from the following day.

Interest is paid tax-free as it is currently exempt from income tax. The future tax treatment of Individual Savings Accounts may vary. 

2 AER stands for Annual Equivalent Rate and illustrates what the annual rate would be if interest was compounded.

All financial information correct on 18 August 2023.

Over 125 years looking after people's money

For a long time we've been trusted to help people save for homes, holidays & more with a more small scale, personal approach as shown in our awards.

More about who we areView our awards

Contact our expert UK team

New enquiries

Savings - 03330 140141

Mortgages - 03330 140140

Existing customers

Savings - 03330 140144

Mortgages - 03330 140146

...or ask the way that suits you.

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Ashley Square, Epsom, Surrey, KT18 5DD.

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