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.

Adult savers can also save for children on their behalf. For example, we can take a deduction from your payroll or benefits and split it into various accounts held at Castle and Crystal, including a junior saver.

In order to open a junior savings account, a junior application form needs to be completed and submitted with either a passport, birth certificate or medical card. Normally, a trustee is added to the account to manage it on the childs behalf until they reach their 16th birthday.

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.

Interested? You can access an application form in the downloadable forms section of our website or call our office on 01384 815771 to request one.