Bank of Scotland boosts Young Saver rate | Product News - Moneyfacts

Product News

Bank of Scotland boosts Young Saver rate

Bank of Scotland boosts Young Saver rate

Category: Savings
Date: 24/04/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The Bank of Scotland has increased the rate on its Young Saver by 1.00% AER for investors with deposits of £1 and over.

The basics…

This account pays a quarterly rate of 3.00% AER (2.97% gross) to savers with investments between £1 and £19,999, whilst those with between £20,000 and £9 million invested will receive an AER and gross rate of 0.50%.

The finer details….

Funds can be accessed without advance notice or penalty.

The account must be held by an adult on behalf of their child and can be operated in branch only.

Why we like it….

This revamped deal pays a competitive new rate to young investors, whilst also allowing short-term access to money. Four out of five Moneyfacts Stars have been awarded.

What next?

Compare the best savings rates
Search all children's savings accounts
Compare junior ISAs

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
Close