Yorkshire Bank Child's Savings Bond 5 Year Features & Benefits
(currently displaying summary information only)| Feature / Benefit | Summary | Details | Rating out of 5 | ||
|---|---|---|---|---|---|
| Application Criteria: | |||||
| Permanent UK Resident |  | yes | This product is only available to individuals who are permanent UK residents. | ||
| Existing Customer Only | | no | No | ||
| Minimum Initial Investment | | £50 | The minimum investment to open this account is £50. |  | |
| Minimum Age | | 0 years | The minimum age to open this account is 0 years. | ||
| Maximum Age | | 16 years | The maximum age is 16 years. | ||
| Introductory Rates: | |||||
| Introductory Bonus | | 0% | No introductory bonus payable. | ||
| Rates: | |||||
| Rate Type | | fixed | The type of interest rate is fixed. | ||
| Account Term | | 5 years | The account term is 60 months. |  | |
| Headline Interest Rate | | 4.75% | The headline interest rate is 4.75% AER. | | |
| Rate Tiers | | see details | Gross Rate Gross Rate AER Excluding BonusIncluding Bonus £504.75% 4.75%4.75% ...expand | ||
| Tax Free | | no | This product is not tax free. | ||
| Fixed Interest Rate | | yes | The interest rate is fixed. | ||
| Interest Payment Frequency | | annually | Interest is paid annually. | ||
| Fixed Rate Period | | 5 years | The interest rate is fixed for 5 years. | ||
| Fixed Term | | 5 years | The fixed term is for 5 years. | ||
| Step-Up Bond | | no | The interest rate does not increase at fixed intervals. | ||
| Children's Savings: | |||||
| Children's Savings Account | | yes | yes | ||
| Account Access: | |||||
| Account Type | | Fixed Bond | Fixed Bond | ||
| Limited Issue | | no | This account is not a limited issue. | ||
| Opened Online | | no | Account cannot be opened by internet. | ||
| Online Access | | no | Not applicable - No transactions before maturity. | ||
| Opened at Branch | | yes | Account can be opened at branch. | ||
| Branch Access | | yes | Transactions at a branch are allowed. | ||
| Opened by Phone | | no | Account cannot be opened by phone. | ||
| Phone Access | | no | Not applicable - No transactions before maturity. | ||
| Opened by Post | | no | Account cannot be opened by post. | ||
| Postal Access | | no | Not applicable - No transactions before maturity. | ||
| Closure Before Maturity | | no | Closure not permitted before maturity. | ||
| Account Management: | |||||
| Minimum Balance | | £50 | The minimum balance is £50. | | |
| Additional Deposits | | no | Additional deposits can not be made during the term of this account. Additional deposits will be accepted at maturity if the funds are to be reinvested for a further term. | ||
| Withdrawal Conditions | | yes | Withdrawal Conditions - No withdrawals or closure permitted before maturity. | ||
| Transferred on Maturity | | reinvested for same term | If no instructions are received 3 business days before the maturity date, the balance of the account will be reinvested for the same fixed term at the interest rate applicable at that time. | ||
| Additional Information | | none | There is no additional information. | ||
| Available to Trustees | | no | This account is not available to trustees. | ||
