Ladybird account (Issue 5)

Your free Ladybird Moneybox is a good place to store your money. Then you can bring in your savings and let us look after them until you need them. Immediate access means that you can take your money out any time, and a competitive rate of interest will help your money grow quickly.

Product Details

  • Open with just £1 by post or in one of our branches.
  • Deposit by cash, cheque or transfer from another bank or Society account.
  • Free Ladybird money box with every account opened.
  • Immediate access means you can use your savings whenever you like.
  • Your interest is paid annually on 31 December and credited directly to your account.
  • Access via one of our branches or by post.
current rates | previous rates
Deposit Gross p.a. / AER* Net p.a.(after deduction of basic rate tax)
£1 or over 1.50% 1.20%
£10,000 or over 1.85% 1.48%
£25,000 or over 2.25% 1.80%

current rates valid from 2 April 2014

Deposit Gross p.a. / AER* Net p.a.(after deduction of basic rate tax)
£1 or over 1.50% 1.20%
£10,000 or over 1.85% 1.48%
£25,000 or over 2.25% 1.80%

previous rates valid from 1 November 2009 to 1 April 2014 and refers to the previous issue of the account

* The gross rate is the rate before deducting tax at the rate applicable to savings income. The annual equivalent rate (AER) is a notional rate which illustrates the contractual rate (excluding any bonus interest payable) as if paid and compounded on an annual basis.

Important Product Information

  • Maximum deposit of £50,000.
  • Children under the age of seven must get an adult to act as a nominee or trustee, which makes this account ideal for parents, grandparents, friends or relatives to open on behalf of a child.
  • On your 12th birthday the account will roll over into a Smart Saver account, unless you instruct us otherwise.
  • The interest rate is tiered, so the more you save, the higher the rate of interest.
  • Because children don't usually have to pay tax, we will normally be able to pay your interest gross. In order to do this you will need to complete an R85 form.
  • If your account falls below the minimum deposit amount, you will earn a fixed rate of 0.05% gross p.a./AER* whilst the account is below the minimum balance.
  • Please make sure you've read the Your Savings Terms and Conditions and Things You Need to Know leaflets before applying for this account.

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This product is no longer available to new customers