At Coventry Building Society, a children’s account can be opened for as little as £1, helping your child learn positive saving and spending habits.
Coventry Building Society’s Young Saver is specifically designed for children aged from 7 to 17. It helps them learn how to save and manage their money through engaging financial education workbooks and rewards as they save. Up to £200 can be paid into the Young Saver account each month, while the easy access means the child who owns the account can take money out whenever they need to.
If you want to save for your child’s future, Coventry Building Society has a Junior Cash ISA, funds can be added whenever you wish and are locked away until the child reaches 18. If your child is under 16 years of age you will need to open the account with them. Tax-free interest is paid annually on the account which, again, can be opened with as little as £1. A maximum of £9,000 can be paid into the account each year.