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Junior Saver
(Issue 10)

Mother carries her young son on a walk after opening a Junior Saver with Marsden Building Society

Our Junior Saver account is a great way to teach your little one all about how a savings account works.

Rates effective from 01 September 2023


Key features:

  • A variable rate of interest
  • Access your money whenever you like via any of our branches
  • Just £1 to open
  • Receive your interest once a year
  • Open to young people under the age of 18

Rates available up to:


Account access:

Easy access

Find out more

Account name

Junior Saver (Issue 10)

What is the interest rate?

4.35% Gross* and AER† on balances from £1+.

Rates effective from 01 September 2023

Interest earned daily and paid annually on 31 March.

Can Marsden Building Society change the interest rate?

The interest rate is variable so we can increase or decrease the rate at any time.

If the interest rate on your account falls, and the balance in your account is £100 or more, we will personally notify you of the change. All our interest rates are available in our branches and on our website.

For more details about why we may change the rate, and when we’ll let you know about a change, please refer to our General Retail Savings Account Terms and Conditions.

What would the estimated balance be after 12 months based on a £1,000 deposit?

If you saved £1,000 the estimated balance after 12 months would be £1,043.50.

This example assumes an investment of £1,000 is made on 01 April, no withdrawals or further deposits are made throughout the 12 months, the interest earned is added to the account, and no changes are made to the current interest rate.

It is provided for illustrative purposes only and does not take into account your individual circumstances.

How do I open and manage my account?

This account is available to UK residents and can be opened and operated at a branch.

The minimum balance to open the account is £1. The maximum balance for a Junior Saver account is £10,000. The overall maximum holding by any one person in respect of all savings accounts with the Society is £250,000, this includes money held in a joint account.

Additional deposits can be made at any time up to the maximum allowed.

Payments into the account can be made in cash, by cheque or debit card (up to £1,000). You can also pay in by electronic payment (but not direct debit) or standing order.

We accept savings applications from existing members across the UK and new members in the following postcode areas: BB, BD, BL, CA, CH, CW, FY, LA, M, OL, PR, SK, WA, WN.

Can I withdraw money?

You can withdraw from your account whenever you need in branch. Limits apply on cash withdrawals.

You can close the account at any time if you need to.

Additional information

*Interest will be paid gross. This means all the interest we pay you will be without tax deducted. If the total amount of interest you receive exceeds any Personal Savings Allowance to which you’re entitled, you may have to pay tax at the applicable rate. This would need to be paid directly to HM Revenue & Customs. For more information, please visit gov.uk and search for ‘Personal Savings Allowance’.

†AER stands for the Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year.

Download our full savings terms and conditions: General Retail Savings Terms and Conditions (PDF)

Download product terms and conditions: Junior Saver (PDF).

If you'd like to open an account, please visit your local branch. You can find details of all our branches on our 'Find a branch' page.

If you're planning on visiting a branch to open a savings account, please phone the branch before you visit to check if an appointment will be required. Branch telephone numbers can be found on our 'Find a Branch' page.

Download our list of Identification Requirements before your appointment: Identification Requirements (PDF)

Smiling Marsden colleague on hand to help customers

We're here to help

We want to provide the best service possible, so if you have any questions, get in touch. You can contact us by phone, visit us in branch or email us – we’ll be happy to help.

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01282 440500