Account overview
Little Rock Access Account (Issue 2)
Our Little Rock Access Account can be opened for any child from birth to the age of 16 and is a great way to save for the future.
Learn more about Children's
- Rate
- 3.00% AER1 3.00% Gross2 P.A.
- Term/Notice
- No notice required
- Access
- Branch Postal
- Minimum balance
- £1
- Maximum balance
- £10,000
Account details
- Minimum age
- Named child has to be under 16, alongside a suitable adult
- Introductory bonus
- None
- Interest paid
- Annually
- Interest type
- Variable
- Withdrawals allowed
- Yes
- Notice period
- No notice required
- Minimum balance
- £1
- Minimum withdrawals
- £1
- Minimum additional deposits
- £1
- Strictly limited issue
- No
See how much your child's money could grow
Your estimated growth...
Your interest is paid annually with this savings account.
| Gross?2 | Net4 | |
|---|---|---|
| Projected total interest | ||
| Projected value |
Important notes:
- Please note the figures provided are for illustrative purposes only and are not guaranteed.
- The illustration does not take higher-rate tax and additional-rate taxes into account.
- Interest will be paid net (after tax) or, subject to the required certification, gross (before tax). If you wish to register for gross interest, please complete a form R85
- The illustration is based on current rates. For further details, please take a look at the Key Product Information.
Ready to apply?
Great, let’s get the ball rolling. Take a look at the ways you can apply for this savings account.
Ways to applyYou might also be interested in:
- 1 AER stands for the Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance? each year.
- 2 Gross P.A. is the rate of interest paid to eligible non-taxpayers without the deduction of tax.
- 4 Net is the annual rate of interest payable after deduction of basic rate income tax (currently 20%). Interest will be paid net or, if we receive the necessary declaration from you, gross. Where the tax deducted exceeds your tax liability (if any) you may make a repayment claim to HM Revenue & Customs. If your income falls within the basic rate band the tax deducted will match your tax liability on the interest and you will have nothing further to pay. If you are liable to tax at the higher rate(s) you will have an additional tax liability. For more information please visit www.hmrc.gov.uk/individuals/babsi.htm.
- * Call our UK-based Contact Centre between 8am to 8pm business days, 8am to 4pm Saturday and 10am to 3pm Sunday. Calls are charged at your service provider’s prevailing rate and may be monitored and recorded.