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Home  About Us Mortgages Personal Banking Business Banking Bank Services i-bank Service Information

Young Savers Accounts 

1.00% with effect from 1st September 2016

It is never too early to start a child's savings account.....Help them save for their future.

KIDZ Account

A great opportunity to help your children understand the real value of money and saving. If your child is 10 years old or younger, this is the perfect savings account for them.

Features & Benefits

  • Interest rate 1.00% gross

  • Interest paid annually on 31 March

  • Open with just £10.00

  • Instant access

  • Annual statement

  • Gift voucher for the value of £10.00, when opening your account

  • Maximum investment £10,000

  • Online Banking


TEENZ Account

If you are age 11 or over, and you want to save your spare cash, then this is the account for you.

Features & Benefits

  • Interest rate 1.00% gross

  • Interest paid annually on 31 March

  • Open with just £10.00

  • Instant access

  • Annual statement

  • Online Banking

  • Gift voucher for the value of £10.00, when opening your account

  • Cash card from the age of 13 (subject to application)

  • Maximum investment £20,000

  • For non customers, please provide us with the relevant documentation as listed in our 'Proving your identity' leaflet.


Important Information

 If, as a parent, you give your child a gift of money that produces more than £100 gross interest a year, the income will normally be taxed as yours. For children under the age of seven, the account is managed by the parent or guardian. If you decide after their 7th birthday you wish to transfer the account to their sole name you must request this in writing.


Download the application form below, which is in a PDF file format, or call us and we will send you all the information you need to apply for a KIDZ or TEENZ account.

To ensure we receive all the correct documentation please refer to the 'What you need to open an account' document and details on the application form.

Documents can be viewed using Adobe Reader


Document Name

File Size (KB)

Kidz & Teenz Brochure

344 KB

Kidz Application Form

696 KB

Teenz Application Form

626 KB

What you need to open an account

365 KB


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Reliance Bank Limited, Faith House, 23-24 Lovat Lane, London EC3R 8EB. Telephone: 020 7398 5400 Fax:  020 7398 5401
Reliance Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
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