The account that grows as they do

Our Junior Regular Saver is pretty special – that's why it's only available to our members. So, whether you're saving or borrowing with us, why not share the benefits of being a member of Scottish Building Society with your child? 

You can open a Junior Regular Saver Account for any child up to the age of 18. It means that whether you're a parent, grandparent or even a proud aunt or uncle, this could be a fantastic opportunity to set some money aside on a regular basis for a special child in your life with our Junior Regular Saver.

You can transfer across any amount between £5 and £50 from your Scottish Building Society account each month, and you can make two withdrawals per year. If you hold the account in trust for the child, there’s no minimum age for the child you're saving for. You can also open the account in the child's name, as long as they are aged between 7 and 17. You can save into the Junior Regular Saver Account right up until they are 18- so the sooner you start, the more they will have in their savings pot.

On the child's 18th birthday, the money becomes theirs to use in the way that's most important to them, whatever their future holds. It could help cover the costs of university, pay for driving lessons or even go towards a deposit on their first home.

5 great reasons to choose a Junior Regular Saver

An account that's specially designed to help you save each month for a child
Open an account for any child up to the age of 18
Save any amount from £5 to £50 a month
Competitive interest rate
A safe home for the child's savings

SUMMARY BOX – Key product information for Junior Regular Saver Account

What is the interest rate?

1.70% Gross/AER variable.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

Gross interest is paid directly into your account on 31 March each year.

Can Scottish Building Society change the interest rate?

The interest rate is variable and may be changed as outlined in section 9 of the Savings Terms & Conditions. When the change is an increase in the interest rate, we will let you know by writing to you or by placing notices and leaflets in all our branches and updating our website. When the change is a reduction, we will write to you 14 days before the rate change.

What would the estimated balance be after 12 months based on depositing £25 per month?

If you open a Junior Regular Saver Account and deposit £25 each month, after 12 months the projected balance would be £302.78.

This projection is for illustrative purposes only and does not take into account your individual circumstances.

How do I open and manage the account?

This account is available to children from birth to 18 years old, and can be opened in the name of the child or a trustee for the child (children over the age of 7 can open an account in their own name). You can open an account in branch or download an application form online.

The minimum opening deposit amount is £5, and thereafter you need to transfer a minimum of £5 and a maximum of £50 per calendar month from your Scottish Building Society Instant Access Saver Account to the Junior Regular Saver Account. If you don’t have an Instant Access Saver Account you can open one.

Can I withdraw money?

You can make two withdrawals per calendar year.

If you close your Instant Access Saver Account (from which the monthly deposits are made), the Junior Regular Saver Account will revert to an Instant Access Saver Account.

Additional Information

Interest is paid gross without tax deducted. A small proportion of savers may be required to pay tax on savings interest – this should be arranged directly with HMRC through your tax return.

Please read the Savings Terms & Conditions leaflet for general conditions which apply to this account.

Find out more

Download interest rates for Junior Regular Saver Account

Ready to apply?

Completed applications can be returned to any branch or agency office, along with proof of your identity and initial deposit.


Alternatively, you can post your application and necessary documentation to:

Scottish Building Society

SBS House

193 Dalry Road


EH11 2EF



When is interest paid into the account?

Gross interest will be paid annually on 31 March, directly into the account.

What account can I use to transfer regular payments from?

The Junior Regular Saver account is only available to members. Regular payments into the account must be made from an Instant Access Saver account. If you don’t already have an Instant Access Saver account, we can set this up for you.

What happens to the Junior Regular Saver if I close my account with the Scottish?

The Junior Regular Saver will then revert to an instant access account.

I have two children – can I open an account for both of them?

You can open a Junior Regular Saver for each child in your family – but only one account per child.

How many withdrawals can I make?

The main purpose of the account is to save money for a child until they reach the age of 18. We understand that access to the money might  be needed before then, so two withdrawals can be made in each year.

Contact Us

For new savings or mortgage enquiries, call us today on

0333 207 4007

Lines open 9-5 Mon to Fri (10-5 Wed). Calls may be recorded and/or monitored.

Existing Member Enquiries

To talk to us about an existing savings or mortgage account, contact your local office

Find your local office

Financial Services Compensation Scheme

Your eligible deposits with Scottish Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you could hold above the limit are unlikely to be covered. Please see below for further information.

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