Roary's Junior Silkmen Saver

Club and charity accounts Print application form
Roary's Junior Silkmen  Saver

Key Product Features

Roary's Junior Silkmen Saver
Investment Gross Rate % Net Rate % AER % Print Application Form
Annual Interest £1 - £15,000 0.30 0.24 0.30 Print Application Form - Roary's Junior Silkman Saver - Annual Interest - £1 to £15,000
Find out more about Roary's Junior Silkmen Saver     Previous rates
Open this account as a Trustee for a child
Summary Box
Key Product Information for our Savings Accounts
Account Name Roary's Junior Silkman Saver
Interest Rates (AER) See the rates information above. The interest rate is variable.
Tax Status Interest will be paid net, after the deduction of income tax at the specified rate, unless you register your account with us to receive gross interest.
Conditions for Bonus Payments There is no bonus available for this account.
Withdrawal Arrangements Withdrawal can be made at any time, without penalty, subject to the Cheshire's withdrawal policy.
Access By Post or Branch.

Details Summary

  • Interest is calculated as at 31 December each year and can either be paid back to this account where it will earn even more interest, direct to another Cheshire investment account or to your bank/building society.
  • Cheque deposits will earn interest after 2 working days from the date the Cheshire receives it. Standing order deposits earn interest from the date of funds transfer.
  • Instant access to your money - you can withdraw up to £500 cash or larger amounts by cheque at any Cheshire branch.
  • Once the account holder reaches 18, we will write with full details of alternative investment accounts - a Silkmen Saver perhaps!
  • Young savers do not normally have to pay tax on their savings. Gross interest can be paid on completion of an R85 form.
  • Once the account holder/beneficiary reaches 16 years of age, the tax situation will be reviewed. For accounts held by a trustee if the beneficiary continues to be eligible for gross interest, the account must be transferred into the beneficiary's sole name. If you require the account to continue with trustee status, interest will be paid net and any tax reclaimed by yourself from the Inland Revenue.

Other Information

  • Terms and Conditions
    -  The rate you receive will be the prevailing rate at the time we receive your application.
    -  The published rate on the day of opening is variable and can change at any time during the period of the investment.
Return to list View previous rates Apply now