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  • Easy Access
  • Under 18s 
  • Save £10 - £10,000 
Savings Information
This account is suitable for young savers who require easy penalty free access.

Product Terms and Conditions

Summary Box

What is the Interest Rate?

  Gross* / AER** %
£10+ 1.50

Interest is paid annually on 31 December and can be added to your Kickstarter account or paid to your bank account.

*Interest is paid without tax deducted. Some savers will be required to pay tax on savings interest; this should be arranged directly with HMRC through your tax return.

**AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once each year.
Can MHBS change the Interest Rate?
This account has a variable rate of interest. We may vary the rate if we reasonably believe the change is needed. For full details please refer to section 12.3 of the General Savings Account Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?
The estimated balance would be £1,015 after 12 months based on £1,000 deposit.
  Estimated balance after 12 months
£10+ £10.15

This is for illustrative purposes only and is based on no withdrawals or further deposits being made and interest being added to the account.
How do I open and manage my account?
You can open and manage this account in branch or by post.
The account must be opened with a minimum of £10 and the maximum balance is £10,000.
You can pay into your account by electronic payment, or by cash or cheque.
Customers may only hold one Kickstarter or Kool Kidz account.
Can I withdraw money?
Yes, penalty free withdrawals are available at any time.
You can access your account in branch or by post.

If your account is operated by a parent or guardian, they will need to withdraw the money for you.
Additional Information
You must be a permanent UK resident aged up to 18.
For under 13s the account must be opened by an adult in the capacity of Trustee.
For full terms and conditions for savings accounts, please see separate leaflet.
In the event of any apparent conflict between these conditions and the General Savings Account Terms and Conditions, these conditions take precedence.
This product may be withdrawn from sale at any time without notice.

This information can be made available in Braille, Large Print and Audio Format. 
Issue Date: 21 May 2018
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