Discover Nationwide accounts for young people

Future Saver gives you control when saving for a child’s future

For parents and adults with parental responsibility.

Open

• Open an account for your child from birth until age 15
• Open in branch – both you and your child will need proof of ID
• For adults with parental responsibility for a child
• Applicant must live at the same address as the child at least some of the time

Save

• Interest rate of 1.00% AER/gross p.a. (variable) if you have a main current account with us and 0.50% AER/gross p.a. (variable) if you don’t
• You can make one withdrawal per account year and keep this interest rate, otherwise it drops to 0.05% AER/gross p.a. (variable)
• Save up to £5,000 per account year

Manage

• The money in your account legally belongs to the child
• You control the money, including any withdrawals
• You can manage your account in branch or online