Members can be signed up as soon as they are born. After that, hopefully they will appreciate the benefits of Castle and Crystal membership for life! Members remain juniors until they are 16 and receive interest on their savings but cannot borrow until they are 18.
Until recently, the interest applied to junior accounts was 1% below the average Bank of England base rate for each financial year. However, with the dramatic fall in the base rate to an all time low 0.5%, in theory these accounts would no longer attract any interest. It is recognised that this would be unfair so the Castle and Crystal Board will soon be deciding the rate to apply.
18/06/10
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05 September 2010
