A Young Saver account is a great way to help your children learn the importance of saving, without needing to lock the money away until they’re 16.
Benefits of a Young Saver
You, as the adult, must have a TSB current account to open a Young Saver. One Young Saver account can be opened per child.
Summary box
Open a Young Saver
What you need to know
If applying by video call
Not the parent or guardian?
Ready to apply?
Book a video call
Apply from anywhere with your email and reliable Wi-Fi
Choose a time and date that works for you including evenings and weekends
It typically takes 60-90 minutes to open a Young Saver
You’ll need your ID ready on the call
Ready to apply?
Or apply in branch
Book an appointment at your chosen branch to get started
Don’t forget to bring ID for both the adult and child. And if the child is under 16, a parent or guardian will need to be there to help open the account
We use Adobe Sign for this kind of request. Adobe will pass the information you provide to us in a secure manner and won’t process it in any other way. Information on how we use your data can be found in our Data Privacy Notice.
Important information
Any questions?
Important Information
*Variable means the interest rate on your savings can change. The rate can go up and down. If it goes up, you earn more interest. If it goes down, you’ll earn less interest, but we’ll tell you before this happens. If you’d like to know more about what might happen to our variable interest rates when the Bank of England changes the Base Rate, head over to our Popular Questions page at www.tsb.co.uk/savings/
The Annual Equivalent Rate (AER) shows what the interest would be if the interest was paid and added to the account once each year. It lets you compare savings accounts easily. Gross rate means that credit interest is paid without income tax being deducted. Tax-free is the contractual rate of interest payable where interest is exempt from income tax.
You need to be 16+ and UK resident to open most of our savings accounts with the exception of Savings Pots and TSB ISAs. For children under 16 please see specific pages for opening procedures.