Treasure bond

The Treasure bond allows you to put money away in an account that is designed to grow with your child. The bond automatically 'rolls over' into a new issue each year so you don't need to re-apply.

Ideal home for longer term savings
Fixed, up-to-date interest rate
Minimum initial deposit of only £100
Automatic rollover into a new 1 year term
Access your money without loss of interest during rollover month

Interest rates
Summary box
How to apply

Apply now

Interest rates

Current rates
(Effective 1 February 2012)

Balance (£)	Annual Interest Rates			Monthly Interest Rates
Balance (£)	Gross Gross rate p.a. Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration.	Net Net rate p.a. Interest rate payable after the deduction of income tax, at the lower rate of 20%.	AER AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.	Gross Gross rate p.a. Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration.	Net Net rate p.a. Interest rate payable after the deduction of income tax, at the lower rate of 20%.	AER AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.
£100 and above	2.00%	1.60%	2.00%	1.98%	1.58%	2.00%

Interest rates are fixed for one year paid annually or monthly.

Gross rate p.a.
Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration.

Net rate p.a.
Interest rate payable after the deduction of income tax, at the lower rate of 20%.

AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.

Apply now

Summary box

Key Product Information for our Savings Account

Account Name	Treasure bond
Interest rates (AERs)	Interest rates are fixed for one year paid annually or monthly, view interest rate.
Tax Status	Gross Gross rate p.a. Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration. or Net Net rate p.a. Interest rate payable after the deduction of income tax, at the lower rate of 20%.
Conditions for bonus payment	n/a
Withdrawal arrangements	Unlimited withdrawals and closure permitted during Rollover month without loss of interest. No withdrawals permitted during the fixed term. Early closure during each fixed term is only permitted after 2 months, with 45 days loss of interest on the closing balance, subject to daily withdrawal limits.
Access	Branch or agency

Whether you can benefit from gross, net or tax free interest is dependent on your own personal circumstances and tax status and so may be subject to change in the future.

How to Apply for a Treasure bond

This savings account can be operated in various ways but must be opened at a branch or via the post.

Note: When applying for a YBS account you will need to verify your identity and address. Check our Verifying your Identity section for more details of what you may need to take with you.