Apply for this savings account using the method below.
Smarter Future Saver
Interest is variable, calculated on a daily basis and is paid annually on maturity
| Branch Regular Saver | Current Rates |
|---|---|
| Annual Interest | Rates effective from: 07/08/2026 |
| Balance | Gross | AER† |
|---|---|---|
| £25 and above | 5.50% | 5.50% |
†Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and added each year, and has been rounded to two decimal places.
As the interest rate is variable, we may change the rate if we reasonably believe that the change is needed. If we reduce the interest on your account, we will write to you 14 days before we make the change. For full details on how and why we will change the interest rate on your account, please refer to Section 8 of the Savings Terms & Conditions. A copy is available on request from our branches, head office or website.
Based on the current interest rate, and 12 regular deposits of £100 into this account, after 12 months you would have approximately £1,236.49. This figure is for illustration purposes only. The estimate assumes that £100 is deposited on the first day of each month and that there are no withdrawals or changes to the interest rate during the 12-month period
This account is only available for children aged 7 to 17 who are permanent UK residents.
Children aged 7 to 17 can open and operate the account in their sole name.
Alternatively, a parent, guardian or relative can open the account as trustee on behalf of the child and operate the account for them.
Simply call into your local branch and complete an application form. Identification requirements can be obtained from your local branch or by contacting us.
This account is intended solely for the child’s benefit, and all funds deposited legally belong to the child. The trustee is responsible for managing the account in the child’s best interests and withdrawals must be made for the benefit of the child.
When you open your account you will receive a passbook. The account can be opened and operated through our branches only. You can save up to £100 per month, with a maximum of one account per child. The account has a 12-month term and pays 5.50% Gross/AER Variable.
You can make more than one deposit each month provided the maximum monthly investment of £100 is not exceeded.
You can make deposits by one, or a combination of, the following ways:
• Branch visit • Standing Order • Post • Internal transfer from an existing Hanley account
You may make up to two penalty-free withdrawals per tax year (6 April to 5 April). Any additional withdrawals will be subject to 30 days’ loss of interest on the amount withdrawn.
At the end of the 12-month term, the account will mature and the balance, together with any interest earned, will be transferred to a suitable Instant Access Account.
Once the account has been opened it can be managed in branch and/or via the post.
You may make up to 2 withdrawals without penalty per tax year (6 April to 5 April). All other withdrawals are subject to 30 days’ loss of interest on the amount withdrawn.
Withdrawals can be made from our branches or by sending us your signed written instructions. All withdrawals must be made for the benefit of the child.
Following any withdrawal, the account must continue to operate within the account terms and conditions.
At the end of the 12-month term, the account will mature. On maturity, the Society will open a new variable rate Instant Access savings account and transfer the balance, together with any interest earned, to the new account.
Maximum age 17 years.
UK residents only.
The treatment of your account for tax purposes will depend on your individual circumstances and you may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more information please visit HM Revenue & Customs’ (HMRC) website hmrc.gov.uk . The tax information provided is based on our understanding of current law and HMRC practice, both of which may change.
These product details should be read in conjunction with the Savings Terms and Conditions.
The Savings Terms and Conditions can be viewed online at www.thehanley.co.uk or requested from any branch of the Society.
Yes if
You want to save between £25 and £100 each month.
You are happy that the interest rate may change at any time.
You want to open and manage your account in branch or via the post.
No if
You want a fixed rate of interest for a fixed term.
You want unlimited penalty free access to your funds.
You want to open and manage your account online.
Before opening an account, it is recommended you read the information below.
Find your nearest branch and visit for expert support and assistance from our team during the application process.