Childrens savings

The Leap Account

Encourage your children to save

The more your children save now, the more they will be able to do in the future. As they become older they may want to save to go on holiday, or even travel the world. Perhaps they'd like a car as soon as they pass their test?

How about saving to go to university or to put a deposit down to buy their first home? These may not be something your children need to think about today, but they may be important in the future. By making the effort to save now, they can watch their money grow and grow.

We have teamed up with Skipton Building Society who offer a childrens' savings account called Leap. If your children save regularly in their Leap Account, they're not quite as tempted to 'dip-in' to their precious savings because they are tucked away.

Opening an account is easy

Your child needs to be 26 or under and have at least £10 to open their account. They'll then receive their own passbook to keep an eye on what they've paid in and taken out.

After that, they can pay as little as £1 in to their account each time - by cash, cheque or transfer from another Skipton Building Society account. Your child can save up to £6,000 to the age of 18 or £10,000 if you are aged 18 or over.

For more information speak to an advisor by calling 0845 600 4664*

*To help maintain service and quality, some telephone calls may be recorded and monitored.