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  • Savings
    • Children's
      • Ready Steady Save - Issue 2
      •  

Savings Comparison

For when choosing the right account gets too tough.

Ready Steady Save - Issue 2

Teach your children to save for the future

An easy access account especially for children. It's operated through our branches and has a variable interest rate. You can apply either at a branch or by post.

Please note, all withdrawals must be for the benefit of the child.

2.00%

gross pa/AER
variable

Key Features

  • Designed for children aged 15 or under who want to start saving
  • When the young saver reaches 16 the savings will automatically be transferred to a Branch Instant account
  • Under 10s need a parent/guardian to open the account
  • Save from 1 to 20,000
  • Interest earned from 1 and paid annually on 1 December
  • Instant access to savings
  • Passbook operated
  • You can choose to view your account online 


   

Summary box

Summary Box
Key Product Information for our Savings Account
Account Name Ready Steady Save Issue 2
Interest rates (AERs) Variable rate paid annually.
See interest rate
Tax Status Gross or net
Conditions for bonus payment N/A
Withdrawal arrangements Instant withdrawals without loss of interest
Access Branch or post

Net: Interest on investments and savings amounts is payable net of income tax, which means after the deduction of income tax at the lower rate of 20%, or subject to the required registration gross.

Whether you can benefit from gross, net or tax free interest is dependent on your own personal circumstances and tax status and so may be subject to change in the future.

 

Interest rate

 

How to apply

This savings account can be operated in various ways and can be opened at a branch or via the post.

Note: When applying for an account you will need to verify your identity and address. Check our  verify your identity and address section for more details of what you may need to take with you.

Making an application

More information:

  • Call us on 0845 166 9219 
    Lines are open:
    Monday - Friday: 8am to 8pm
    Saturday: 9am to 1pm

 

Chelsea Building Society and the Chelsea are trading names of Yorkshire Building Society. Principal Office: Yorkshire House, Yorkshire Drive, Bradford, BD5 8LJ. Yorkshire Building Society is a member of the Building Societies Association and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. We are entered in the Financial Services Register under registration number 106085.

Buy to Let mortgages are not regulated by the Financial Conduct Authority.

This site is intended for UK Residents unless otherwise stated. All communications with us may be monitored/recorded to improve the quality of our service and for your protection and security.

Charges to 0845 numbers may vary. Prices can be checked with your phone provider. Mobile calls usually cost more.

Chelsea Building Society and the Chelsea are trading names of Yorkshire Building Society. Principal Office: Yorkshire House, Yorkshire Drive, Bradford, BD5 8LJ. Yorkshire Building Society is a member of the Building Societies Association and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. We are entered in the Financial Services Register under registration number 106085.

Buy to Let mortgages are not regulated by the Financial Conduct Authority

This site is intended for UK Residents unless otherwise stated. All communications with us may be monitored/recorded to improve the quality of our service and for your protection and security.

Charges to 0845 numbers may vary. Prices can be checked with your phone provider. Mobile calls usually cost more.

Get in touch with us:

  • Call us:
    http://www.thechelsea.co.uk/contact/index.html
  • Find a branch:
    http://www.thechelsea.co.uk/contact/branch_finder.html
  • Manage your accounts online:
    http://www.thechelsea.co.uk/security/online_help.html