Children's Account

Save for the future

At the Catholic Building Society we know how important it is for everyone to begin saving as soon as possible. To help you start we offer a savings account with competitive interest rates and we make it fun to save by offering incentives as you save more. Invest any amount from £10 to £150,000.

Interest Rates

Current interest rate is detailed on attached list of investment rates. Interest is paid yearly on 31st December.

Check the current interest rates.

Incentives

To encourage you to save more the following incentives are offered when the minimum balance quoted is first reached:

Balances of £500 £5 Virgin Megastore Voucher
Balances of £1,000 £10 Virgin Megastore Voucher

Withdrawals

Two withdrawals a year are allowed without loss of interest.

Opening your Children’s Account

Inland Revenue form R85 is available on request for personal investors who have no tax liability. From the date of registration the Society can pay gross interest. Personal Investors who become non taxpayers after opening their account may also request and register form R85 in order to earn gross interest.

There are three easy methods available:-

1. You can add to or withdraw from your account by calling our Westminster office.
2. By post. Just use the FREEPOST envelope and let us have your written instructions together with your passbook.
3. If you wish to save regularly we can let you have a standing order mandate to give instructions to your bank. You select the amount and the date; your bank will make transfers regularly once it has your instructions.