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Children’s Regular Saver – Issue 1

Save up to £1,200 for your child in a year

Set aside money for your child every month for a year with this short-term savings account.

  • 3.50% AER/3.45% gross pa 1 for months with no withdrawals

    1.51% AER/1.50% gross pa 1 for months with withdrawals
  • Save from £5 to £100 per month by standing order for a 12-month term
  • Instant access to your money – through online, mobile or telephone banking or in branch 2

Summary box

Account name

Children’s Regular Saver - Issue 1

What is the interest rate?

Effective from 12 November 2012.  

Balance

Gross rate pa %

AER %

Higher interest rate is paid when no payments have been made out of the account since interest was last paid into the account

3.45

3.50

Lower interest rate is paid when one or more payments have been made out of the account since interest was last paid into the account

1.50

1.51

Balance

Higher interest rate is paid when no payments have been made out of the account since interest was last paid into the account

Gross rate pa %

3.45

AER %

3.50

Balance

Lower interest rate is paid when one or more payments have been made out of the account since interest was last paid into the account

Gross rate pa %

1.50

AER %

1.51

Interest is paid monthly, on the first working day of the month.

Can Barclays change the interest rate?

No, the rates are fixed for the 12-month term. 

What would the estimated balance be after 12 months, based a £100 deposit per month?

Estimated value after a year, if all conditions are met every month:

Estimated value after a year, if all conditions aren’t met every month:

£1,222.75

£1,209.83

This is where no payments are made out of the account for the whole 12 month-term

This is where payments are made out of the account every month of the 12-month term

Estimated value after a year, if all conditions are met every month:

£1,222.75

Estimated value after a year, if all conditions aren’t met every month:

£1,209.83

Estimated value after a year, if all conditions are met every month:

This is where no payments are made out of the account for the whole 12 month-term

Estimated value after a year, if all conditions aren’t met every month:

This is where payments are made out of the account every month of the 12-month term

How do I open and manage my account?

You can open an account in branch. Please see the ‘How to apply’ section below for more details.

You can manage your account in branch, or using Online Banking, Barclays Mobile Banking or Telephone Banking – provided you’re registered.

You can make monthly deposits of at least £5, but not more than £100.

A maximum deposit of £1,200 over the 12 month-term can be made to the account.

Eligibility

To apply for this account, you must:

  • Be at least 18 to save on a regular basis for the benefit of a child under 16. The parent, guardian or other adult operates the account as trustee for the child
  • Be resident in the UK for tax purposes

Can I withdraw money?

Yes, you’ll have instant access to your money so you can make withdrawals.

Additional information

  • If the total deposited into your account over the 12-month term exceeds £1,200, no interest will be paid on the excess amount deposited
  • At the end of the 12-month term, Children’s Regular Saver - Issue 1 accounts convert to the Children’s Instant Saver account, as available at that time. We’ll confirm these details to you at the time your Children’s Regular Saver - Issue 1 account converts

Apply for the Children’s Regular Saver – Issue 1

You can apply for this account in branch with your child's birth certificate. If you're new to Barclays, you'll also need to provide proof of ID .

More ways to save

If the Children's Regular Saver isn't what you’re looking for, we have other options for you to consider.

Childrens Instant Saver

Children’s Instant Saver

Looking to set aside more money for your child? We could help you do that too.

 

Everyday Saver

Everyday Saver

Save whenever you want, for as long as you want, with our Everyday Saver account.

 

ISAS

Cash ISAs

Take advantage of tax-free savings while having access to your money. 4

 

Important information

1. ‘Gross’ is the rate payable without tax taken off. AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.

2. Online, mobile and telephone banking are only available to Barclays current account holders who are registered for these services.

3. Please note: 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.

4. Tax-free: indicates that interest is exempt from UK income tax provided all ISA conditions are met. The level and basis of tax can change and the value of tax relief depends on your personal circumstances.