Child 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
- View summary of key information
With its attractive interest rates a Child 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 Savings Bond, you can enjoy peace of mind for your child’s future.
How to apply
- Visit your local Clydesdale Bank branch
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- At the end of the five year term money can be re-invested or withdrawn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 Savings Bond
- Withdrawals from the Child Savings Bond are not permitted during the five year term, except in the event of death of an Account Holder
Other savings accounts
- Instant 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
- 40 Day Notice Account - save as much as you like following your initial deposit of £500 and when you need to withdraw your savings just give 40 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.
*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.
We are covered by 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 circumstances of the claim.
Further details of the scheme are available from us on request or from the Financial Services Compensation Scheme www.fscs.org.uk or in writing from the Financial Services Compensation Scheme, 7th Floor , Lloyds Chambers, 1 Portsoken Street, London E1 8BN.
Clydesdale Bank and Yorkshire Bank are trading names of Clydesdale Bank PLC. As both banks are part of the one and same authorised entity the FSCS compensation limit applies to deposits held across both brands.