Jumpstart account

We work out how much interest to pay you at the end of each day. This is based on the money in your account. We’ll add any interest on the last working day in March, June, September and December. The rate of interest on this account is tiered. You will earn one rate based on your account balance.

Yes, if we decrease your rate we’ll provide at least 2 months’ notice as described in your Terms Link opens in a new window. We may increase your rate without giving you notice.

This is only an example and does not take into account your individual circumstances.

The example assumes that:

• no further deposits or withdrawals are made;
• any interest earned stays in the account; and
• there is no change to interest rates and tiers.

• This is an account for children aged from 0 to 16 years.
• If children are under 11, the account can be opened in their name and operated by their parent, guardian, grandparent or other responsible adult.
• Children 11 years of age or older, can open and operate the account in their name provided their parent, guardian, grandparent or other responsible adult agrees.
• Children over 11 years and operating their own account can also request to have their own debit card to buy stuff or use at the cash machine.
• The account can be opened in Store.
• The minimum amount to open and maintain the account is £1. There is no maximum.

Yes. If there is a Responsible Adult operating on the account - they can withdraw funds in Store.

And if the child is able to operate the account on their own they can also withdraw funds in Store or using their debit card (if they’ve got one). Check the Terms Link opens in a new window for more info.

There is no notice period to make a withdrawal.

Interest will be paid gross.