JUNIOR SAVER ACCOUNT
Savings Account for 0-16 year olds
Do you have children, grandchildren, or a young relatives living with you at your address in Croydon, Merton or Sutton?
Would you like to encourage them to learn how to manage money and realise the value of saving?
If so, then you can encourage them to save by opening a Junior Saver account on their behalf.
A CroydonPlus Credit Union Member opening a Junior Saver Account will normally be the Trustee of the account until the person reaches the age of 16. Alternatively you can nominate another person as the Trustee.
Please note, our rules require the young person to be living at the same household as the nominating CroydonPlus Member.
To open a Junior Saver Account you will need to complete a Junior Saver Application Form and return this to us at email@example.com along with a copy of their Birth Certificate/Passport
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 PROTECTED?
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