Halifax Children's Regular Saver

Key Features

Save between £10 and £100 every month on behalf of a child and get an amazing 6.00%  AER - fixed for 12 months

  • Save regularly - from £10 - £100 a month
  • No withdrawals - during the 12 months
  • Unlimited deposits - each month when it suits you (but no more than £100 a month). By standing order only.
  • Manage your savings - simply transfer your savings into the account by standing order. You can view your account online 24/7
  • Open an account from £10 up to £100

View current rates, summary box and further information before you apply for a Halifax Children’s Regular Saver

Current Rates

 Term

 Interest rate (AER)
effective from 0.00am on 1st July 2009  

12 months

6.00%

For further details on our interest rates, please visit our interest rates section.

View summary box and further information before you apply for a Halifax Children’s Regular Saver

Summary Box

Key Product Information

Account Name Halifax Children's Regular Saver
Interest rates (AERs) Interest rates in more detail  
Tax Status Interest will be paid net of income tax (currently 20%) unless you register your account with us to receive gross interest
Conditions for bonus payment There is no bonus available on this account
Withdrawal  arrangements No withdrawals allowed during the year.  If you fail to make a payment of at least £10 by standing order to your Children's Regular Saver account in a particular month your account will remain open.  However, it will limit the amount you can save
Access

After 12 months, your Children's Regular Saver Account, including the balance and interest, will mature into an easy access savings account on anniversary of our receipt of your opening deposit for your Children's Regular Saver Account. Your sort code and account number will remain the same and your standing order will continue into your easy access savings account unless you choose to stop it. If you want to continue to save regularly you can arrange to open a new Children's Regular Saver Account.

Branch, telephone and online (enquiry only service).

View further information or apply for a Halifax Children’s Regular Saver

Further Information

Fixed interest - guaranteed for the 12 month term.

Interest paid - calculated daily and paid on anniversary of the account opening.

One account per person - you can only open 1 account for one child. However, other people can also open an account for the child too e.g. relatives, friends. Accounts can only be held by 1 or 2 trustees jointly on trust for a child.  Only 1 account per trustee per child.

Maturity - after 12 months your Children's Regular Saver Account, including the balance and interest, will mature into an easy access saving account on anniversary of our receipt of your opening deposit for your Children's Regular Saver Account. Your sort code and account number will remain the same and your standing order will continue into your easy access savings account unless you choose to stop it. If you want to continue to save regularly you can arrange to open a new Children's Regular Saver Account.

Eligibility - UK resident personal customers aged up to 16 years (but accounts can continue following the child's 16th birthday).

Standing order - regular payments must be made by standing order from your current account or an account with another bank or building society. Payments cannot be made from Halifax savings accounts.

Account conditions  (opens as pdf)

We are a member of the Financial Services Compensation Scheme so our customers' savings are protected (up to £50,000).

Apply for a Halifax Children's Regular Saver

Apply

It only takes a few minutes…

Before you  begin make sure you have the following details to hand:

  • Your Bank of Scotland Current Account details (if you are an existing customer)
  • Previous address details if you have lived at your current address for less than 3 years
  • The child’s full name, address and date of birth

…apply online  Apply now

Alternatively, call us today on 0845 122 1347 (lines open 8am-8pm Mon-Fri, 8am-6pm Sat and 9am-5pm Sun) or call into your nearest branch.