Junior Saver

• £1-£5,000 4.45% AER*.
• £5,000.01+ 0.00% AER*.
• We calculate the interest daily and pay it annually on 31^st December. Interest can be added to your account or paid to your nominated account.
• You do not earn any interest on money in the account over £5,000. You cannot have more than £100,000 in your account.
• *AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and compounded once each year. The gross rate is the interest rate payable before tax.

• The interest rate is variable, so it can go up or down at any time.
• For more details about why we might change the rate, please read our Savings Terms & Conditions.

      £1,044.50

• This would be the balance after 12 months if £1,000 was paid in, all interest was paid back into the account, there was no change to the interest rate and no money was taken out or paid in.
• This is just an example to help you compare accounts. It does not take into account what you may do with the money in your account

• You must live in the UK and be under 18 to open this account. You can open it with as little as £1.
• If the child is under 7 then an adult must operate the account. For children over 7, the child or the adult can operate the account.
• You can open an account on this product page or by visiting one of our Branches in Bath.
• You can manage the accounts you hold with us through Bath Online, or by using our Mobile App. You can register for Bath Online on our website, and you can register for the Mobile App on your smartphone.
• Account holder identification will be required. This is usually obtained through our electronic identity verification service. However, if this proves inconclusive, here’s some popular ways to verify your ID.

• This is an instant access account.
• You can withdraw by cheque from our Branches in Bath. There is no limit to how much you can withdraw. All cheques will be made payable to the child.
• All withdrawals must be for the benefit of the child. If the reason for the withdrawal is unclear, we might ask you. If we have reason to believe the withdrawal is not for the benefit of the child, we may refuse the withdrawal.
• You can also ask us to make a faster payment to a nominated account in the child’s name. This can be done on Bath Online, through the Mobile App, in a Branch, or you can contact our Customer Service Department.

• You must show us that you live, work or study in Bath to open this account. If not, you must have been a mortgage or savings customer for at least the last 12 months.
• We will write to the child at least 14 days before their 18^th birthday to explain what accounts we have available. If we do not hear back, the account will become an Instant Access when the child turns 18.
• A child can only have one Junior Saver account.
• This account is protected by the Financial Services Compensation Scheme (FSCS). You should read your FSCS Information and Exclusions sheet for more information about how your money is protected.
• This account is a savings account, not a payment account as outlined in the Payment Services Regulation 2017.
• You should read your Savings Terms & Conditions to fully understand how your account works.
• We can close an account at any time if you act inappropriately, such as by using abusive language.