Junior Savers
Junior Savers
Give your kids a head start with our Junior Saver Account for children from birth to age 18.
Accounts can be opened from birth with an adult signatory, usually a parent, grandparent or guardian. The account can be opened with as little as £1 and anyone can pay into the account.
If you child lives in Merthyr Tydfil, Caerphilly, Bleanau Gwent or RCT or live with a Merthyr Tydfil Credit Union member.
How to open an account
Fill in a Junior Application form and provide ID, either a birth certificate or a passport
What your child gets
- Instant access to your junior savings (with agreement of Parent / Guardian)
- Withdrawals - by bank transfer, cash, cheque or transfers to other members
- Deposits - by bank transfer, cash, cheque, Standing Order, or transfers from other members
- Variable Dividend - paid annually in the Spring after AGM
- School Savers available at participating schools
How to join?
1
Fill in an application form. It should be signed by both the Adult Signatory and Junior Saver (if they are old enough to sign, usually age 7+)
2
We will need one form of ID either Birth Certificate or Passport for the child/young person
3
If the Junior Saver is joining through one of our School Savings Scheme then we have agreed the Headteacher, School Secretary or other staff member can confirm the child's identity and address instead of providing ID
How can I pay into the account
You can pay into a Junior Savings account by any of the payment methods we offer. For instance if you already have a payment coming into the Credit Union from payroll, standing order, benefits etc then this can be split between a number of accounts held
The Junior member can also pay in by cash or cheque our office, service points or through our School Savings Scheme
For all new Junior accounts opened the young saver will receive a FREE piggy bank once their first deposit is made!
All Junior Savers need to look out for our Mascot Tydfil! You will see him on your paperwork and at your School Collection Point.
