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A mum with her young baby

Young Saver Account

A savings account for our younger members. This is a great way to begin to save small or even larger amounts.

Leeds Credit Union’s Young Saver Account is a great way to give children and young people the tools to build healthy savings habits, to take with them into adulthood.

Account name

  • Young Saver Account

What is the interest rate?

  • Unlike banks and building societies, we don’t pay an interest rate on your savings. Instead, we aim to pay a quarterly/annual dividend to all qualifying members. The amount of the dividend is set by the Leeds Credit Union Board each quarter/year. Please be aware that some years no dividend may be paid.

How do I open and manage my account?

Eligibility
  • You must be aged 18 or under
  • You, or a parent/guardian, must be a member of Leeds Credit Union. To become a member you or your parent/guardian must live or work in Leeds, Wakefield, Harrogate, Craven or the London Borough of Barking & Dagenham, or by associated with one of our partners.
How to open an account
  • You can open a Young Saver Account in branch or by downloading and posting an application form.
Operating the account
  • You can manage the account on behalf of the young saver online, in branch or via our mobile app.
  • Minimum opening deposit: £1
  • Minimum operating balance: £1
Can I withdraw the money?
  • You can make unlimited withdrawals each year via our branches.
Additional information
  • If a dividend is paid, it is paid gross of tax, that is with no tax deducted.
  For existing members, simply email services@leedscreditunion.co.uk, quoting your membership number, and the savings account you would like to open. Our team would be happy to help. If you are not a member of the credit union already, you can apply online, in branch, or download our application form. Find our Terms & Conditions here. You can also view our Privacy Policy, which describes how we use our members' information.

On Monday, 4th December 2023, our systems will be down for scheduled maintenace from 3pm for approximately three hours.

This means head office, branches and online banking/app will not be contactable or usable.

We apologise for any inconvenience this may cause.