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The account will be held in the child’s name but managed by a Trustee until they reach age 16.
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The Trustee is usually the member opening the account, but another adult can be nominated if preferred.
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to comply with our rules, the child must live at the same address as the nominating member.​
JUNIOR SAVER
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At Your Community Bank, we believe it’s never too early to build good money habits. Our Junior Saver Account is a simple way to help children learn the value of saving and managing money - giving them a strong foundation for the future.​
If you’re a member and have children, grandchildren, or young relatives living with you in Croydon, Merton, or Sutton, you can open a Junior Saver Account on their behalf.
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KEY INFORMATION
HOW TO OPEN A JUNIOR SAVER ACCOUNT
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​Download and complete the Junior Saver Application Form
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Email the completed form to us at: info@yourcb.org.uk
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Include a copy of the child’s birth certificate or passport as proof of identity
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​We will process your request and provide confirmation once your account is set up, allowing you to start saving for Christmas with ease and peace of mind.
JUNIOR SAVER - FREQUENTLY ASKED QUESTIONS
CAN A JUNIOR SAVER ACCESS THEIR ACCOUNT?
The controlling adult is the Nominated Trustee and as such, have sole power to operate the account on behalf of the Junior Saver up until their 16th birthday.
HOW CAN I MAKE DEPOSITS INTO A JUNIOR SAVER ACCOUNT?
The easiest way to start saving with us is with a standing order or a one-off faster payment from your bank account.
To set this up please use the following details:
Bank Name: The co-operative bank
Sort Code: 08-92-99,
Account Number: 67005750
Reference: This will be provided at account opening
CAN A JUNIOR SAVER ACCOUNT BE ACCESSED ONLINE?
Not currently, but this may be possible in the future.
ARE MY SAVINGS SAFE?
As with all of our accounts, the savings in your Junior Saver Account are protected by the Financial Services Compensation Scheme. More information on this can be found here
WHAT DO I DO IF I HAVE MORE QUESTIONS?
A list of answers to more of our Frequently Asked Questions can be found here
If you cannot find the answer to your question, please send us a message using our Contact Us Form.
ARE THERE ANY RULES THAT I SHOULD BE AWARE OF?
As a member we encourage you to view the Rules of Membership