To open this account, you must be:
- an adult aged 18 or over with parental responsibility for a child who lives with you for at least some of the time – at the time of opening the account, the child must be aged between 0 and 15 years, however the account can be held until such time as the child is 18 years and six months old
- a UK resident.
The account can be held solely or jointly with a maximum of two account holders. All account holders must meet the conditions for holding the account. An adult with parental responsibility can only hold one Future Saver account per child.
You can open this account with a minimum of £1 up to a maximum of £5000. You can increase your account balance by up to £5000 each Account Year (this does not include any interest accrued on the account).
You can open this account:
- in branch
- via the 'Start application' button below this Summary Box (if you and your child already have a savings or current account with us).
You can manage your account:
Once the child has reached 18 years and six months old the money will transfer to an instant access savings account and the terms and conditions and interest rate applicable to that account at that time will apply. The account will remain in the name(s) of the adult(s) (with parental responsibility) until the adult(s) transfer the new account, into the child’s sole name.
It’s easy to move your savings between your existing Nationwide savings accounts or to open a new savings account with us. Simply go to nationwide.co.uk, use our Internet Bank, Banking app or visit us in one of our branches.