Ladybird Account
Saffron's Ladybird Account rewards young savers with a good, consistent rate, helping them to grow their savings as they get bigger. You only need £1 to open a Ladybird Account, so you can open an account as soon as you find a Ladybird!
About the Ladybird Account
This account is designed for anyone up to the age of 11 to encourage them to save from an early age. The account aims to help children understand how their money can grow by offering competitive interest rates and introducing them to the saving habit in a fun and friendly way.
| Minimum investment | Investment amount | Gross p.a. / aer % | Net p.a. % (after deduction of basic rate tax) |
| £1 | 1.50 | 1.20 | |
| £10,000 + | 1.85 | 1.48 | |
| £25,000 + | 2.25 | 1.80 |
current rates valid from 1 April 2009
Account information
- Open with just a £1
- Maximum investment of £50,000 (although interest can be added onto this)
- Instant access to savings
- Available for anyone up to the age of 11. Children under the age of seven must get an adult to act as a nominee or trustee, which makes this account ideal for parents, grandparents, friends or relatives to open on behalf of a child
- On your 12th birthday the account will roll over into a V4 account, unless you instruct otherwise
- The interest rate is tiered, so the more you save, the higher the rate of interest
- Each account holder will receive a ladybird money box
- Interest is paid annually on 31 December and credited directly to your account
- Each young saver can only have one Ladybird account or one V4 account
