Junior Saver

Anyone under the age of 18 can join City of Plymouth Credit Union as a Junior Saver. Membership is FREE.

Joining is easy. Just complete a Junior Saver Application Form (print it out or obtain one from a Service Point) and we will open a Junior Saving Account for you. Remember, your parent or guardian must act as a trustee for your account.

Your parent or guardian will need to prove their identity and current address and you will need to supply a valid UK or non-UK Passport (don't send this through the post in case it gets lost) or an ORIGINAL birth certificate or adoption certificate. (For accounts opened through a school credit union branch, the school will confirm your identity. If your parent or guardian is already a member of the credit union, then no further proof is required, otherwise, documents from the "Proof of Name" and "Proof of Current Address" tables below will also be required.)

Proof of Name

Show table...

Evidence we need to see	Applying in Person	Applying by Post
Valid full UK Passport	Yes	No
Valid full UK driving licence	Yes	No
Valid provisional UK photocard driving licence	Yes	No
Valid EEA passport or EU member state ID card	Yes	No
For non-EEA residents, a national passport	Yes	No
UK-based bank or building society statement (must be less than 3 months old) with debit or credit card	Yes	No
UK-based bank or building society statement (must be less than 3 months old)	No	Yes
Letter from Benefits Agency including Universal Credit welcome letter (must be less than 12 months old	Yes	Yes
Letter from a professional person who knows you (solicitor, accountant, doctor, social worker or probation officer)	Yes	Yes
Valid Student Union ID Card from a recognised UK university or valid NUS card with photo and date of birth	Yes	No

Proof of Current Address

Show table...

Evidence we need to see	Applying in Person	Applying by Post
Valid full UK driving licence	Yes	No
Valid provisional UK photocard driving licence	Yes	No
UK-based bank or building society statement (must be less than 3 months old)	Yes	Yes
UK-based bank or building society credit card statement (must be less than 3 months old)	Yes	Yes
UK mortgage statement (must be less than 12 months old)	Yes	Yes
UK gas or electricity bill (must be less than 3 months old)	Yes	Yes
UK phone bill (not mobile; must be less than 3 months old)	Yes	Yes
UK water bill (must be less than 12 months old)	Yes	Yes
UK council tax bill (must be less than 12 months old)	Yes	Yes
Letter from Benefits Agency, including Universal Credit welcome letter (must be less than 12 months old)	Yes	Yes
Benefit letter from your local housing authority (must be less than 12 months old)	Yes	Yes
Tenancy Agreement from a housing association or council	Yes	Yes
Letter from a university or college (must be less than 12 months old)	Yes	Yes

When you reach the age of 18, you will automatically be promoted to being an Adult Member. And you won't have to pay a membership fee!

Please Note: Under new European Data Protection regulations, it is no longer possible for someone who is not a parent or guardian to open a Junior Saving Account for a child. This means that a grandparent, for instance, cannot open a Junior Saving Account for a grandchild. Our advice in this instance is for the grandparent to open an Additional Saving Account in their name and save that way.

Does your school have a School Bank? No? Then why not talk to your teachers about opening a school branch of the credit union - many schools have done just that. It all helps with the financial requirements of the National Curriculum!

Terms and Conditions

To become a Junior Saver of City of Plymouth Credit Union, a person must live or go to school in Devon, Cornwall or the Isles of Scilly at the time of application, be under 18 years of age and have permanent UK Residency.
When joining the credit union, there is no charge associated with becoming a Junior Saver with the credit union.
If the total of a Junior Saver's savings accounts falls below £5 and no transaction is performed for 2 years or more, we reserve the right to declare the account dormant.
The credit union has the right to suspend your account if fraudulent activity is suspected.
The account is an Adult Signatory based account. As such an Adult Signatory is required. Under new European Union privacy rules, this must be the child’s parent or legal guardian. The Adult Signatory is responsible for the account and its operation until the child reaches the age of 18.
At age 18, the Junior Saver will become an Adult Member and will be solely responsible for their account with the City of Plymouth Credit Union. The membership fee will be waived in this instance.
Any correspondence relating to the account will be sent to the current address held for the Adult Signatory unless otherwise requested and agreed.
Any change of name, address, e-mail address, telephone or mobile number of the Junior Saver or Adult Signatory must be notified to us immediately.
Unless already a credit union member, the Adult Signatory will need to provide proof of identity and proof of current address unless we can carry this out online. One form of identification for the Junior Saver must also be provided. This can be a birth certificate or passport.
For accounts opened through a school credit union branch, the school will confirm the identification of the Junior Saver. The Adult Signatory must complete the Junior Application form.
An annual interest payment may be paid, gross of tax, equivalent to the adult dividend rate, on all sums deposited in the Junior Saving Account, subject to surplus.
The dividend rate will be recommended by the Board of Directors and approved by the members at the Annual General Meeting each year.
Any dividend due will be paid into the account as soon as practicable following the Annual General Meeting.
To close a Junior Saving account, a junior saving withdrawal form must be completed by the Adult Signatory to reduce the balance to £0.
Should a Junior Saving Account be closed over the course of the year, no dividend will be payable.
Should a Junior Member die, all savings will be paid to the Parent/Guardian.

City of Plymouth Credit Union Limited
Registered Office: 14 Cumberland Street, Devonport, Plymouth, PL1 4DX Registered Number IP00511C
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority. FRN 213937
A Member of the Association of British Credit Unions Ltd (ABCUL)