Young Savers

Young people (under 16 years) can be enrolled by parents/grandparents as Young Savers or can become part of our Treasure Chest scheme in conjunction with a number of local schools. For these savings, we can pay interest.

For the year 2020/21 the interest rate for young savers will be 0.5% applying only to the first £3000 of share balances. The payment of interest to young savers is at the discretion of the Community Bank Board and is subject to available funds.

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The small print

"We enrolled our grandson as a Young Saver on his first birthday. We put a small amount in for him now and then but, once he's old enough, we'll get him to put the money in himself so he gets the savings habit early,"