Regional Flexible Junior Saver (Postcode Restrictions Apply)

This product can be opened and managed in branch and by post and can be viewed via Chorley Online. Please refer to the Society’s Savings Accounts General Terms and Chorley Online Terms and Conditions.
To open this account, you will need to complete a Young Savers Account Application Form.

Eligibility Criteria

• Be a child aged 17 or under, and a UK resident living in one of the following postcode areas (CA, FY, PR, LA, WN, BL, L, WA, BB, CH, M, SK, CW, OL)
• Account holders under the age of 7 years must have their account operated for them by an adult aged over 18 who will be called the ‘Young Savers Account Operator’. At the age of 7 years, an account holder can operate the account.
• The minimum initial deposit is £10.00
• The maximum balance is £5,000
• The account will be opened in the child’s name and only one account per child can be held.
• Transfers in from other Chorley Building Society Accounts are permitted.

The maximum balance is £5,000 and the overall maximum holding by any one person in respect of all savings accounts with the Society is £500,000.

This is a limited issue and the Society reserves the right to withdraw this product without notice at any time.

• 6 withdrawals per year are permitted without penalty. You can close your account at any time and this will not count as one of your six withdrawals.
• If more than 6 withdrawals are made within a 12 month period your account will be closed.
• Withdrawals can be made by cash, cheque or CHAPs* (*subject to a £25 fee). Cheques requested by post for withdrawals or closures will be issued within 48 hours of receipt and posted 1st class.
• The account will mature on the account holder’s 18th birthday (or the next working day if this falls on a Saturday, Sunday or Bank Holiday). If you take no action on maturity the balance will be automatically transferred into an easy access Chorleian Account within the Society bearing the account holder's name. We will contact you at least 14 days prior to maturity to advise you of the options available at that time. This will be by email if we hold an up-to-date email address for you, or via the post. On maturity you may withdraw by cash, cheque or CHAPs* (*subject to a £25 fee). Cheques will be issued within 48 hours of maturity and posted 1st class to the account holder. 
• Withdrawal conditions apply; please refer to section 9 of the Savings Account Terms and Conditions and section 7 of the Chorley Online Terms and Conditions for further details. The terms of the Chorleian Account are available in branch or at www.chorleybs.co.uk/savings.

Whether you need to pay tax is dependent on your own personal circumstances and may be subject to change in the future. Interest is paid gross on all our savings accounts – except ISAs where it is paid tax-free. For more information on Tax Allowances please call HMRC on 0300 200 3300 or visit https://www.gov.uk/apply-tax-free-interest-on-savings