Tel: 03030300010 Email:

22 August 2017
Junior Savings Accounts

Junior Savings Accounts

Starting a savings habit when you are young can give your child or dependent a better understanding of how to manage finances and how to save.

You can pay money in over the counter, set up an electronic payment, or set up a transfer from your credit union account into your child or dependents.

Parents/Guardians act as a Trustee on junior accounts until the child reaches the age of 16 and at that point have full access to the account. After this, the Junior Member becomes responsible for their own account, which then becomes a full adult account free of charge.

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South Yorkshire Credit Union Tel: 03030300010 Email: Web:
South Yorkshire Credit Union Limited is authorized by the Prudential Regulation Authority, and regulated by the Financial Conduct Authority and Prudential Regulation Authority. • Financial Conduct Authority and Prudential Regulation Authority Ref No 213840. • Industrial and Provident Society Regulation No 675C • Registered Office: 70 Market Street, Barnsley, South Yorkshire, S70 1SN