Savings

Start with £1 and save what you want, when you want.

It takes just a £1 to get you started with a FirstSaver and you can save up to a total maximum investment of £20,000, across all FirstSaver accounts held per child.

• Whether you choose to operate the account on your child's behalf or give them control, you'll have instant access to your money and withdrawals can be made at any time.
• All FirstSavers up to the age of 12 will have a passbook. After they've reached 12, it's possible to have either a passbook or cashcard.
• Save what you want, when you want. Find out more about operating the FirstSaver account.
• You can also arrange to have your Child Benefit paid into this Account. Take a look at details about transferring money on our Service Station.

	Annual Interest

	Minimum Balance		AER*		Gross*		Net*
	£1+		4.75%		4.75%		3.80%

		The above variable rates are effective from 2 May 2008.

Important Information
Before applying for your account, don't forget to read the Terms and Conditions (including the amendment detailed below) and the Important Legal Information, which includes information regarding cancellation rights.

Amendment to the terms and conditions
Following your feedback, from 1 July 2008 we will no longer be writing to you everytime the interest rate of this account is changed. Please see full details.

*For an explanation of terms used such as AER, Gross and Net, please see our glossary.

Membership Reward After the initial qualifying period, we show our appreciation with our Membership Reward; currently an annual cash payment of up to a possible £500, subject to scheme rules and tenure.
Use our Membership Reward Calculator to see how much reward you could be earning.

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