Junior Saver
Let’s together build a new generation of savers.
Our Junior Saver account is designed for children up to the age of 16 years old. It offers a secure and flexible way for parents, carers, or family members to save for their child’s future. The account allows deposits from £1 to £60,000 and the savings are FSCS-protected. The account does not attract dividend, however bonus in lieu of dividend is paid in to the account when dividend is declared. It’s an excellent opportunity to encourage good saving habits early on.
Open a Junior Saver today.
Core benefits of Junior Saver
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Easy management
Managed by a sponsoring trustee, giving full control while helping their children develop saving habits from a young age.
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Flexible deposits
Parents/carers and family members can easily deposit money into the account using the member number as a payment reference
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Bonus potential
Balances earn a bonus when dividend is declared in a financial year.
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Secure & protected
Savings fully protected by the FSCS up-to £85,000.
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Online services
Easy to manage your account through our user-friendly Acorn App.
Core information
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Terms & Conditions
Only available to children who are family members of an existing member of Acorn Community Bank.
Proof of ID – such as birth certificates and proof of address must be provided.
Flexible and multiple deposits and withdrawals are allowed.
The account will be owned & run by the sponsoring adult until the child reaches 18 years.
Once child turns 18, the trustee will be contacted to proceed further.
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Product Features
Available to all children of members up to 16 years old.
Account can be opened by completing a form or can be requested in branch/over a call/email by a sponsoring adult who is an existing member of Acorn.
Account can be managed via our online Acorn App.
All savings are protected under the FSCS scheme.
Bonus in lieu of dividend when declared will be paid directly to this account.
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Product Information
Account allows flexible deposits, simply transfer any amount & watch your savings grow.
Deposits can be made via standing order, bank transfer or benefits deductions.
No withdrawals restrictions apply.
This account is eligible for bonus in lieu dividend payment when declared.
Why save with Acorn?
At Acorn, we prioritise building financial stability for all our members through regular saving.
- Your savings are ethically invested and directly support your local community.
- FSCS guarantee means your savings enjoy protection up to £85000.
- When Acorn makes a profit, your savings earn dividends.
- By saving you build a relationship with us, making it easier to access loans when needed.
- You can conveniently receive benefits like Child Benefit, Universal Credit, or PIP into your account, simplifying your income all under one place.
- Our app and online services give you easy access to your funds.
Start saving with Acorn Community Bank today, contribute to your financial stability and support your local community.
If you’re looking for extra financial support beyond your savings or need help managing unexpected expenses or planned costs, explore our ethical and affordable loan options.
To learn more about how Acorn Community Bank supports you on your journey to financial well-being, explore our Support Area.
Set-up
Core information
Once your junior membership is approved, your Junior Saver (also known as Junior Share 1/ JS1 in online banking) will be automatically opened for you.
Deposit
To make a deposit into Junior SAVER please set up a standing order or make a bank transfer. If your CHB comes directly to us, you can request deductions from there directly via email. Below are the details you will need:
Account Name:
Wiltshire and Swindon Credit Union Ltd (Trading as Acorn Community Bank)
Account Number:
04242184
Sort Code:
30-97-41
Please make sure that your payment has a bank reference ‘Junior 1234’, (1234 being your Acorn membership number)
If you are not already a member, join Acorn Community Bank today and start saving.
If this is not quite the savings option for your financial needs. Visit our main savings page to explore options tailored to suit you. If you’d like to discuss your needs, our friendly team is here to help—just email us at office@acorncb.co.uk.
Junior Saver Form
If you’re not already a member
App download
Managing your finances should be simple and accessible. Our user-friendly Acorn mobile app puts you in control.
1. Easy account management:
You can access and manage your account from the comfort of your home. Check your savings balance and transfer money between your savings account on the go.
2. Quick withdrawal:
Online withdrawal requests made via the app are processed faster than traditional phone or paper requests.
3. Enhanced security:
The Acorn app is equipped with PIN protection, ensuring your information remains safe and secure.
With the Acorn App, you can enjoy a convenient and secure way to manage your savings and take control of your finances. Download the Acorn app today and experience the convenience of banking at your fingertips.