Ipswich Building Society

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Telephone: 0845 230 8686

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Young Savers

It's never too early to start saving. From birth to 18 years, Ipswich Building Society has accounts specifically designed for young savers.

Our Young Saver account is ideal to encourage savings of pocket money and gifts for a much wanted toy or game. Only £1 is needed to get the account opened. You'll have immediate access to your money and earn interest annually.

Our Child Trust Fund offers an exceptional rate of tax free interest which will result in a nice little nest egg available on the child's 18th birthday.

For children who do not qualify for a Child Trust Fund and for those seeking a long term savings account, our Children's Bond is the ideal solution.

Rates correct as at 17 April 2008

For previous rates please click 'View previous rates' located under the current rate table

Product	Balance	Current AER	Current Gross	Current Net	Summary of Terms/Payment of Interest
Young Savers Aged up to 16 yrs Download Terms	£1 - £499 £500 & above	4.50% 4.80%	4.50% 4.80%	3.60% 3.84%	• Instant access with no penalty • Child must be aged 7 years or over to withdraw • Interest paid annually on 1 December
Children's Bond Aged up to 18 yrs Download Terms	£250 opening balance then maximum £1,200 each year until child reaches 18 years of age	5.55%	5.55%	4.44%	• No withdrawals allowed until child reaches 18 years old • Closure after the child reaches 7 years subject to 180 days' notice • Interest paid annually on birthday of child
Child Trust Fund 2 Cash Non-stakeholder option Download Terms	£250 Inland Revenue voucher plus up to £1,200 each year until child reaches 18 years of age	5.55% TAX FREE	5.55% TAX FREE	5.55% TAX FREE	• No withdrawals allowed until child reaches 18 years old • Transfers allowed • This is a Cash Child Trust Fund. It is not a stakeholder Child Trust Fund • Interest paid annually on birthday of child

Product	Balance	Previous AER	Previous Gross	Previous Net
Young Savers	£1 - £499 £500 & above	No Change No Change	No Change No Change	No Change No Change
Children's Bond	£250 opening balance then maximum £1,200 each year until child reaches 18 years of age	No Change	No Change	No Change
Child Trust Fund 2	£250 Inland Revenue voucher plus up to £1,200 each year until child reaches 18 years of age	No Change TAX FREE	No Change TAX FREE	No Change TAX FREE

View Previous Rates

Find out more
If you would like to open a Young Saver or Children's Bond the investment application form below can be downloaded, printed and posted to us along with the relevant identification. Alternatively, please call into any of our branches and our staff will be pleased to help you. Please refer to our Customer Information document for other useful and important information. If you would like to open a Child Trust Fund please find more details in our Child Trust Fund section.

Useful Downloads	Download
Investment Application Form (Young Saver and Children's Bond)
- documents required when opening an account
Customer Information Document - A general information document, incorporating our Investment Terms and Conditions, outlining procedures for opening and using our savings accounts. You can view this document online by clicking or download it using the icon on the right.