Give your kids a great start in life with our Junior Saver

Our Junior Saver Account is designed to help anyone save money for a child until they reach the age of 18. 

Whether you're a parent, grandparent or other relative, it's a great way to set aside some money and watch it grow while they grow. Then, when the time comes, they'll have that valuable financial support to give them a flying start in life- wherever they're heading.

You can also open a Junior Saver Account if you're aged between 7 and 18 and want to save for your own future, with a good return on your money.

5 great reasons to choose a Junior Savings Account from The Scottish

You can start an account with as little as £100
You can add to the account whenever you wish
You can put in lump sums, or save regularly- it's up to you
You can save right up to £25,000
The rate of interest increases the longer you save

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



Who is eligible for the Junior Saver Account?

The Junior Saver Account is available for children from birth to 18 years, and can be opened in the name of a child or a trustee for a child. As a trustee, you must ensure that all the transactions on the account are for the benefit of the named child.

Children over the age of 7 can open an account in their own name to save for their own future.

Can I withdraw money before the account matures?

The main purpose of the account is to save money until the child is 18. But we realise that there may be reasons why some or all of the money might be needed before that date, so we have built in a certain amount of flexibility:

  • With 30 days’ notice, withdrawals can be made or the account closed without penalty.
  • Without notice, withdrawals can still be made, but with a penalty equivalent to 30 days’ interest on the amount withdrawn.

No withdrawals can be made until the account has been open for at least six months.

Where the account is operated in a child’s own name, they can give instructions regarding withdrawal and/ or closure. If the account is opened by an adult on the child’s behalf, the adult will have control over the operation of the account.

How is interest paid?

Gross interest is paid on 31 March each year. Interest is normally added to your account – but you may have it paid to a bank account or another account with the Society if you wish.

  • Once your account has been open for two years, we will increase the rate by 0.25%.
  • When it has been open for five years, the rate increases by a further 0.25%.

New Saver Enquiries

0345 600 0585

New Mortgage Enquiries

0345 600 4085

Existing Member Enquiries

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

Find your local office

Lines open 9-5 Mon to Fri (10-5 Wed) and Sat 9-12. Calls may be recorded and/or monitored.

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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