Get kids in the habit of saving
A great savings account to help get under 18s into the habit of looking after their money. Our Interest Zone account has been created to give kids everything they need from an account – including lots of ways to put money in to make saving easy.
- Invest between £1 and £25,000
- This account is just for under 18s
- Account is managed solely in branch
- Annual interest at a rate of 0.50% AER*/gross p.a. (variable)
- No withdrawals for children under seven
- Make deposits by cash, cheque, standing order or transfer from another Coventry account
- All withdrawals are made by cash or cheque in branch
- This account must be opened and operated as a minor's sole account
Please read the Children's Account Opening Guide for further information about opening an account for a child.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. The gross rate is the interest rate payable before the deduction of tax.
^Interest on ISAs is paid tax-free, that is gross with no tax deducted.
