Savings Comparison
For when choosing the right account gets too tough.
Ready Steady Save - Issue 2
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
Current rates
Effective 21 October 2013
Effective 21 October 2013
Previous rates
Prior to 21 October 2013 (Issue 1)
Prior to 21 October 2013 (Issue 1)
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 0345 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. 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. Yorkshire Building Society is entered in theFinancial Services Register and its registration number is 106085. Principal Office: Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ.
References to 'YBS Group' or 'Yorkshire Group' refer to Yorkshire Building Society, the trading names under which it operates (Barnsley Building Society, the Barnsley, Chelsea Building Society, the Chelsea, Norwich & Peterborough Building Society, N&P and Egg) and its subsidiary companies.
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.
*Calls to 0800 numbers are free of charge from a landline or mobile. Calls to 03 numbers are charged at the same standard network rate as 01 or 02 landline numbers, even when calling from a mobile.
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
