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Children's Regular Saver Issue 1

Current interest rates

The following higher rate is paid where no withdrawals have been made out of the account since interest was last paid into the account.
Rates effective from Balance Gross rate pa% AER%
19 November 2012 - present £1-£1,200 3.45 3.50

 

 

The following lower rate is paid where one or more withdrawals have been made out of the account since interest was last paid into the account.
  Balance Gross rate pa% AER%
  £1-£1,200 1.50 1.51


 

For information on previous rates on this account, please see the previous rate tab.

Previous interest rates

This previous interest rates tab sets out all rates that have applied to Children's Regular Saver Issue 1. To find out how much interest you are currently earning on your money, please click on the 'Current interest rates' tab.

 

The following higher rates were paid where no withdrawals were made out of the account since interest was last paid into the account. The following lower rates are paid where one or more withdrawals have been made out of the account since interest was last paid into the account.
Rates effective from   Balance Gross rate pa% Net rate pa% AER%
19 November 2012 - present Higher rates £1+ 3.45 2.76 3.50
 

Lower rates

£1+ 1.50 1.20 1.51

 

Mortgage offset: No
Interest rate: Rates are fixed for the 12-month term. Interest is paid monthly on the first working day of the month. No interest will be paid on any excess amount deposited
Gross: The rate of interest payable without tax taken off.
Tax: Interest is paid gross. Children are entitled to income tax allowances and the Personal Savings Allowance (PSA) in the same way as adults. If a child is liable to pay tax, any tax due on interest earned will need to be paid to the appropriate tax authority. For further information & guidance, please refer to HMRC’s website .
Please note that if a parent gifts money to a child that produces more than £100 gross interest in a tax year, the income is normally taxed as belonging to the adult.
AER: Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once each year.

 

Terms and Conditions 690 KB

These additional terms and conditions supplement and amend the general conditions of your Customer Agreement with us (Barclays Bank PLC). Read important information about our interest rates, the Financial Services Compensation Scheme and your cancellation rights.