The Young Savers account is exclusively designed for young people up to the age of 18 years and who live within a 25 mile radius of The Hanley's headoffice on Festival Park.
You can open the account with as little as £10 and as much as £10,000. When opening the account you will receive a free gift and automatic entry to our annual competitions.
|
Account Ownership | | The account may be held in trust by a parent or guardian, in a sole name from the age of 7 years (in which case the individual would then be responsible for authorising their own withdrawals), or as a joint account. |
| Product Availability | | Restricted by Post Code
Please enter your Postcode to check availability.
|
|  Thank you - This Product is available in your area.
|
 Sorry - This Product is not available in your area. Please contact us on 0800 542 8790 for details of other products. |
Minimum Balance | | £10 |
Maximum Balance | | £10,000 |
Additional Investments | | Amounts of no less than £1 may be added at any time not exceeding the maximum balance. |
Interest Paid | | Annually on 31st August. |
Interest Payment Options | | Added to the account
|
Notice to Withdraw | | None |
Withdrawal Restrictions | | None |
Account Operation | | - Branch / Agency
- Postal
- Direct Debit |
| Income Tax | | All interest will be paid gross on opening an account with the appropriate Form R85 which must be signed by a parent or guardian if the account holder is under the age of 16. If no Form R85 is completed income tax at the appropriate rate will be deducted. |
| Account Opening Free Gifts | | The account holder will receive one of the following gifts:
- A £5 gift voucher for HMV
- Money Box
- Calculator
|
Printer Friendly Details | | |
