• Save between £10 and £250 per month by standing order.
• The interest rate is guaranteed to be at least 1% gross above the Moneybox gross interest rate.
• An account can be opened in either the child's name or your name as trustee.
• Gross interest payable for eligible non-taxpayers.

 Age restriction:

• Open only to younger savers under 18 (or adults on behalf of children). For young savers under 7, the account must be opened by one or more adults known as trustees.
• The child's birth certificate or passport must be provided in order to prove the child's age at the time of application.
• Once the child reaches the age of 16, the trustee will have the option to remain on the account as a trustee until the child reaches the age of 18. If you do so, interest on the account will be subject to tax. 

Minimum initial investment required to open and operate the account:

• £10

Minimum/Maximum deposit:

• You must save between £10 and £250 per month by standing order.
• The maximum investment in a year is £3,000. 

Restrictions on deposits:

• The account can be topped up to a maximum of £250 a month by paying in cash or cheques at your local Branch or Agency.
• For telephone and postal operated accounts the account can be topped up to £250 a month by sending us a cheque via our Freepost address.
• Cash and coins not accepted by post.

• Make up to 3 penalty free withdrawals in a calendar year.
• A fourth or subsequent withdrawal in any calendar year will be subject to a penalty equivalent to 30 days gross loss of interest on the amount withdrawn.
• Minimum withdrawal amount is £10.
• For accounts operated by telephone or post the minimum withdrawal amount is £100.
• A withdrawal can be arranged by visiting your local Branch or Agency or, if you choose to operate your account by post and telephone, by writing to us using our Freepost service or telephoning us with your request.
• Any cheques deposited must be cleared before a withdrawal can be made on them. After paying in a cheque, you will not be able to make a withdrawal against the deposit until the sixth banking day.
• If the balance on the account falls below £10 then the interest rate will be equivalent to the lowest Moneybox account rate.

• Credited annually to the account at midnight on 1st April.
• Interest rates on this account are variable and interest is calculated on a daily basis.

• Account holders can usually have interest paid without the deduction of tax.
• To qualify, HM Revenue & Customs form R85 (available from any of our branches) should be completed by the young saver’s parent.
• If an account is opened in a child's name, special tax rules apply if savings are given by a parent to an unmarried child under the age of 18 that produce more than £100 gross income a year. Please refer to the HM Revenue & Customs booklet IR111 (Bank and Building Society Interest), which has a section dedicated to children's savings.

• Only one account per child is allowed. No joint account is allowed.
• If you miss three monthly standing orders in any six month period the account will revert to the Moneybox account rate and terms and conditions up until the age of 18.
• Once the child reaches the age of 18 the account will revert to the Classic Gold account.
• The account is not available for non-UK residents (except British Forces personnel overseas), corporate bodies or registered charities. If you or the child moves abroad the account will be closed.
• When you open an account you will be asked to complete a Bankers Order form. You will need to take this form to your bank or building society to set up the standing order.
• This should be completed with the regular amount you wish to save each month and will help ensure that you do not miss any monthly payments.
• Alternatively you can set up a standing order with your bank or building society.
• Click here to view our full terms and conditions for this account.

• A Children's Regular Saver must be opened at your local branch or agency or by telephone or post.