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Our 11-15 Current Account offers everything you need from your first bank account.
|
|
Age |
In-credit interest rate up to £ 500 |
|
Santander |
11 to 15 |
3.00% AER/2.96% gross (see note 1)/5.00% AER/ 4.89% gross (see note 2) |
|
Halifax |
11 to 15 |
1.51%AER |
|
HSBC |
11 to 17 |
0% AER |
|
Lloyds TSB |
11 to 18 |
2.50% AER |
|
NatWest |
11 to 18 |
1.50% AER |
Source: Lender’s websites. Correct as of 5 July 2010.
Note 1 - 3.00% AER/ 2.96% gross. To be eligible for this rate you must pay money into your account at least once a month and not hold an existing Bank Account with Santander. We will not pay you interest on any amount over £500, or on your whole balance if you do not make any payments into your account each month.
Note 2 - 5.00% AER/4.89% gross. To be eligible for this rate you must pay into your account at least once a month and your guardian must have their main current account with Santander. Customers must not hold an existing Youth Current Account. We will not pay you interest on any amount over £500, or on your whole balance if you do not make any payments into your account each month.
AER stands for Annual Equivalent Rate and shows what the interest would be if we paid interest and added it each year. The gross rate is the rate payable before income tax deduction. Rates may change and we pay interest each month.
Rates correct as at 5 July 2010
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