Young Saver

Open a Young Savers account from just £1.
Interest is calculated daily and paid annually on 25 June.
A 'YS Advance' cash card if you are 14-19 years old.
You can look after your own account if you are over 7 years old.
Maximum balance of £10,000.
Variable interest rate.
Please read the Key Product Information for this account before you apply.

Savings for young people

It's good to get into the habit of saving and it's even better to start when you are young. This savings account, available to young people aged 0 to 19 is a unique account that offers you an attractive rate of interest.

Parents can open this account for their children as soon as they are born from as little as £1 and add money or take money out whenever you like.

Annual	Gross/AER
£1 to £5,000	0.45%

Definitions of 'Gross' and 'AER' can be found in our glossary of terms.

How it works

Opening:	Apply in branch or by post. Open your account from £1
Pay money in:	You can invest up to £10,000 into the account in branch by either cash or cheque
Take money out:	You can take any amount out of the account in branch For cash card holders you can take out between £10 to £250 per day from a cash machine

Savers under 7 years old

The account can be opened in trust for the child and managed using a passbook.

Download the account brochure here

Savers 7 - 13 years old

You can manage your own account using your passbook, which you will need to bring into the branch with you each time you want to pay money in or take money out.

Download the account brochure here

Savers aged 14 - 19 years old

You can have a YS Advance cash card which will give you 24-hour access to your money. Or, if you prefer, you can have a passbook instead.

Download the account brochure here

Click here to take a look at our account terms brochure.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Derbyshire Building Society is a trading division of Nationwide Building Society which is authorised and regulated by the Financial Services Authority under registration number 106078. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. You can confirm our registration on the FSA's website, www.fsa.gov.uk or by contacting the FSA on 0845 606 1234 . Head Office: Nationwide House, Pipers Way, Swindon, Wiltshire SN38 1NW. This site is intended for UK residents unless otherwise stated.