Saffron Building Society

Saffron Building Society

Phone: +44 0800 072 1100

V4 account (Issue 3)

V4 has a great rate of interest and lets you take out your money any time. Having savings to fall back on will give you the edge when you need to start spending. But as we all like to treat ourselves sometimes, we'll give you a £5 high street shopping voucher when you open a V4.
Interest Rate
£1 or over 1.00% AER
£10,000 or over 1.35% AER
£25,000 or over 1.75% AER
Minimum Balance
You must be between 11 and 23 years old (inclusive) to open this account.
Open with just £1 by post or in one of our branches.
Deposit by cash, cheque or transfer from another bank or Society account.
£5 Love2shop voucher when you open your account.
Immediate access means you can use your savings whenever you like.
Your interest is paid annually on 31 December and credited directly to your account.
Access via one of our branches or by post.
Maximum deposit of £50,000.
You must be between 11 and 23 years old (inclusive) to open this account.
Because children don't usually have to pay tax, we will normally be able to pay your interest gross. In order to do this you will need to complete an R85 form.
The interest rate is tiered, so the more you save, the higher the rate of interest.
You will receive a £5 Love2shop voucher upon opening a V4 account
On your 24th birthday the account will roll over into a Cashbuild account, unless you instruct us otherwise.
If your account falls below the minimum deposit amount, you will earn a fixed rate of 0.05% gross p.a./AER* whilst the account is below the minimum balance.


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