Childrens Easy Access Maturity AI

Childrens Easy Access Maturity AI

The interest rate paid on the account will be paid as below:

Rate effective from 3 December 2025.

Interest is calculated each day on the available money in your account and is paid on 31 December every year.

The interest rate for this account is variable. This means we can change it at any time. You can find full details in our Savings Terms and Conditions.

If your account falls below the minimum balance, the interest rate we'll pay you will reduce to 0.05% Gross p.a/AER variable*.

This is based on no further money being paid in or taken out of the account and no change to the interest rate.

• This is a default product - it will be opened with funds from a Saffron account that has finished its fixed term and you can top up your funds.
• You must be 18 or under and a UK resident to have this account.
• You'll need to keep a minimum of £1.00 in your account to get the interest rate.
• The overall maximum that can be held in this account is £250,000.00.
• You must have an adult act as a signatory if aged under 13. (Children aged 13 or older can have the account in their sole name or have an adult act as a signatory.)
• Each signatory must have their own individual email address and mobile number.
• You must have a current account in your name with another UK Bank or Building Society (this must be in the name of the child with proof of bank statement).
• You can manage the account in branch, by post, by phone, on webchat.

* 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 what the gross interest rate would be if the interest was paid and added to the account annually.

Our Savings Promises provide you with additional peace of mind, including penalty-free access to your money if your life circumstances significantly change (e.g. serious illness, redundancy, etc). For more information please click here or ask us.

If the total amount of interest you earn is more than your tax-free Personal Savings Allowance, you may have to pay tax to HM Revenue & Customs (HMRC). For more information visit gov.uk.

* Interest Rate definitions: Gross is the interest rate without the tax deducted. AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if the interest was paid and compounded once each year.

New fraud rules from 7 October 2024 mean that with this product, you're eligibility to claim for fraud has changed. For more information please click here.

If we delegate any of our functions or responsibilities under this agreement to someone else, we will satisfy ourselves that the person or organisation we delegate to will be competent to carry out those functions and responsibilities.