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Start a Junior Saver today and secure the future for a child you care for.
A Junior Saver account makes it easy for you to save for a young person in your life.
Start with as little as £10
The hardest thing about saving is starting the habit. So help give your loved ones a head start by saving for their future.
Give a sound start
Whether you’re saving for university, a first car, or just a nest egg for the future, give your little ones the best start.
Annual dividend
Remember, every year there will be a dividend added to the balance to help your savings grow, so that can really make a big difference over several years.
Starting an account for your child is as easy as starting one for yourself
Open a Junior Saver by completing our application at the bottom of this page. Not a Serve and Protect member yet? No worries! You can still apply for an account. Our member services team will guide you through our joining application.
Set a regular amount to come out of your wages and straight into the account. You can change this at any time by giving us a call.
You can contact us to find out the latest balance of your Junior Saver as it grows and choose to up the payments if you want to grow that amount.
To build savings regularly, you can make monthly contributions. You have the flexibility to start with as little as £10 per month and adjust your deduction amount anytime by contacting our team.
Additionally, you can deposit extra lump sums whenever it suits you, with a maximum deposit limit of £20,000. Once you reach this limit, you can still contribute £10 per month.
We take great pride in rewarding our valued members with a savings return in the form of an annual dividend. For the upcoming financial year 2022-23, we anticipate a generous 3.50% return on our Junior Saver.
It’s important to note that our annual dividend is determined based on the surplus profits of the credit union, and it is proposed by the Board to our members at our Annual General Meeting each year.
Absolutely! You have the flexibility to withdraw your money whenever you need it. You’ll just need to give us a call and we’ll assist you in withdrawing the desired amount.
Unfortunately, at this time, managing your Junior Saver account is not available through our online banking or mobile app.
Depending on the number of children or grandchildren you want to save for, feel free to open as many Junior Saver accounts as you need. However, please note that only one account can be opened per child or grandchild.
You might need to pay tax on the interest or dividend you receive from your savings accounts with us. This will depend on your personal financial situation. For more information, please visit https://www.gov.uk/apply-tax-free-interest-on-savings
Rest assured, all our savings products are protected by the UK’s Financial Services Compensation Scheme (FSCS), guaranteeing your savings up to £85,000. Any deposits exceeding the current limit are not covered. For additional details about the FSCS, please visit www.fscs.org.uk
To open a Junior Saver account, you’ll need to become a member of our credit union and save a minimum of £10 per month in our a href=’#” class=”https://serveandprotectcu.co.uk/save/regular-saver-accounts/”> Regular Saver account.
To get a Junior Saver account, simply fill out the form below. We’re here to help you every step of the way!
Junior members must reside at the same address as an existing member. After you’ve completed our Junior Saver application, our team will kindly request a copy of their passport or birth certificate to open the account.
If you are already a member, you can request a Junior Saver account for your child or grandchild by completing our short form below.
*The ‘Junior’ must live at the same address as an existing member and a copy of their passport or birth certificate will be required.
Below, you’ll find an archive of the Junior Saver annual dividends we’ve paid, allowing you to easily track what was provided and when.
| Financial year | Effective period | Annual dividend |
|---|---|---|
| 2022/2023 | 01.10.2022 - 30.09.2023 | 4.50% |
| 2021/2022 | 01.10.2021 - 30.09.2022 | 2.50% |
| 2020/2021 | 01.10.2020 - 30.09.2021 | 1.00% |
| 2019/2020 | 01.10.2019 - 30.09.2020 | 1.20% |
| 2018/2019 | 01.10.2018 - 30.09.2019 | 1.00% |
Find out more about our other products and how they can help
As the name suggests, this is an easy access savings account designed to help all our members save regularly.
Maximise your savings with our Cash ISA. Enjoy the benefit of tax-free returns whilst helping supporting the community.
Our fixed rate saver account enables you to earn a guaranteed savings return over a set period of time.
If you want to make even more from your savings, our prize saver enables you the chance to win cash prizes every month.
We know plans can change which is why our flexi saver is ideal if you want to save additional amounts, but access your money when needed.
