We have 3 products available

At The Mansfield we offer a range of account options that allow you to save on a child’s behalf or help encourage children to learn the value of savings.

With different withdrawal arrangements, our accounts can help grow your investment until the child becomes 18 or allows children limited access to their own savings account.

Find out more in the product details below.

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Filter by Interest Rate

Young Saver (2nd issue)

Minimum Balance £1 +
Interest Rate (AER1/Gross2) 2.25%
Interest Payable Anually on 31 December and on maturity at age 18
Withdrawals Up to 6 withdrawals per calendar year without penalty. Further conditions apply, see product summary box for full details
Access Post or Branch

Cash Junior ISA (1st issue)

Minimum Balance £1 + to a maximum investment of £4,368 in the 2019/20 tax year
Interest Rate (AER1/Gross2) 2.70% tax free^
Interest Payable Annually on 5 April
Withdrawals No withdrawals allowed until the child is 18
Access Post or Branch

Young Regular Saver (2nd issue)

Minimum Balance £1 per month +
Interest Rate (AER1/Gross2) 2.75%
Interest Payable Annually on 31 December and on maturity at the age of 18
Withdrawals Up to 2 withdrawals per calendar year without penalty. Further conditions apply, see product summary box for full details
Access Post or Branch

1. AER

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. AERs on the Monthly Income account assume interest is added to the account each month although in practice the option to have interest added in this way is not available.

2. Gross Rate

The gross rate is the contractual rate of interest payable without tax taken off.
If separate AER/Gross rates are not quoted, both rates are identical.

^Tax Free

Tax free means exempt from UK income and capital gains tax in the hands of the investor.

Understanding Savings

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