Cybersave Children’s Account
Help your child to manage their money and
watch it grow
- Tiered interest - paid 4 times a year
- Interest paid gross on savings if an R85 tax form is completed by a parent or guardian
- Keep track of savings with regular statements
- View summary of key information
The Cybersave Account from Yorkshire Bank is an ideal way to help a young person manage their savings and watch them grow. For under 17s, this account benefits from a high rate of interest and with tiered interest paid gross on balances, the Cybersave account is a natural choice.
How to apply
- Visit your local Yorkshire Bank branch
- Telephone on 0845 602 6198 (Monday - Sunday 8.00am - 8.00pm)
What you get
The account that grows with your child
- 2 levels of account for under 10s and 10-16 year olds (accounts for children under 10 years must be operated by an adult)
- ID card, detailing the account holder’s name and account number
- Tiered interest - paid four times a year
- Interest paid gross* on savings if an R85 is completed by a parent or guardian
- Regular statements to help keep track of savings
- Dual-Function Debit Card with Maestro facility for children over 10 years old
- Account holder has full control of the account if parents, guardian or grandparents give consent and the rules allow it (children over 10 years only).
Other savings accounts
- Instant Savings Account - easy access to your money whenever you need it
- Savings Account Plus - let your savings provide a healthy return
- Term Deposit - hold your account for the full term and you'll receive a guaranteed rate
- 40 Day Notice Account - Save as much as you like and when you need to withdraw your savings just give 40 days notice
- Cash ISA - a great way to watch your money grow, tax-free
- Stocks and Shares ISA - make the stock market work for you
- Child Savings Bond - a great investment for your child’s future
- Child Trust Fund - put your child’s savings into overdrive, open a Child Trust Fund today
*Gross Rate interest is the interest payable without taking account of the deduction of income tax. For most customers tax will be deducted at the lower rate prevailing at the time of payment (currently 20%).
Terms and Conditions for the Cybersave Account are available on request. The Cybersave Account is only available to children under 17.
For your security, calls may be monitored or recorded.
Yorkshire Bank is a trading name of Clydesdale Bank PLC which is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. You may be entitled to compensation from the Scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.
In respect of deposits with a UK office, payments under the Scheme are limited to 100% of the first £50,000 of a depositor's total credit balances with the Bank. Further details of the Scheme are available from us on request or from the Financial Services Compensation Scheme: www.fscs.org.uk or Financial Services Compensation Scheme, 7th Floor, Lloyds Chambers, Portsoken Street, London, E1 8BN.