Child's Savings Bond
The investment that will grow with your child
- An ideal gift for any child aged 0 - 16 years
- Interest is payable annually and at maturity
- The rate is fixed for the term quoted
With it’s attractive interest rates a Child's Savings Bond will grow with your child. It’s guaranteed to increase in value if it’s held for the full five years and, although you can't add to a Child's Savings Bond, you can enjoy peace of mind for your child’s future.
How to apply
- Visit your local Clydesdale Bank branch
- Telephone on 0845 602 5450 (calls will be charged at the local rate)
What you get
The investment that’s guaranteed to grow
- Minimum deposit of £50
- Maximum deposit is £250,000
- Guaranteed to grow if held for the full five year term
- At the end of the five year term money can be re-invested or withdrawn
- Gross* interest for under 16s if an R85 form is signed by the parent or guardian
- An ideal gift for any child aged 0 - 16 years
- Once open, no further deposits can be made to a Child's Savings Bond
- Withdrawals from the Child's Savings Bond are not permitted until the account reaches the end of its five year term. An early repayment charge will apply#.
Other savings accounts
- Savings Account - access your money quickly and easily
- Savings Account Plus - enjoy a healthy return on your savings
- Term Deposit - hold your account for the full 3 years and you'll receive a guaranteed rate
- Notice Account - save as much as you like following your initial deposit of £750 and when you need to withdraw your savings just give 30 days notice
- Cash ISA - a great way to watch your money grow
- Stocks and Shares ISA - make the stock market work for you
- Cybersave – help your child to manage their money
- Child Trust Fund - give your child's savings a flying start
A minimum deposit of £50 is required to achieve the quoted rate. Interest is payable annually and at Maturity and the rate is fixed for the term quoted.
#If an early withdrawal of the full amount is requested before the term of 5 years, the stated interest rate will not be achieved. Such a withdrawal will be subject to an early repayment charge (£10 minimum charge) the amount is dependent on the number of days to Maturity. Ask at any branch or Full Terms and Conditions are available on request. The charge will be deducted from any accrued interest, but where there is insufficient accrued interest to meet the charge in full, any additional sum will be deducted from the capital in the account. No partial withdrawals are permitted.
*Gross Rate interest is the interest payable without taking account of the deduction of income tax. For most customers tax will be deducted at the lower rate prevailing at the time of payment (currently 20%).
Full Terms and Conditions are available on request. The Child Savings Bond is only available to children aged 0 - 16 years inclusive.
For your security, calls may be monitored or recorded.
Clydesdale Bank PLC is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. You may be entitled to compensation from the Scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.
In respect of deposits with a UK office, payments under the Scheme are limited to 100% of the first £35,000 of a depositor's total credit balances with the Bank. Further details of the Scheme are available from us on request or from the Financial Services Compensation Scheme: http://www.fscs.org.uk/ or Financial Services Compensation Scheme, 7th Floor, Lloyds Chambers, Portsoken Street, London, E1 8BN.