Young Saver

Our Young Saver account is designed specifically for our younger members (aged from 0 to 22) to give them a good financial start in life. Receive a free gift when the account is opened and enjoy a competitive rate of interest.

When you reach your 23rd birthday, we will transfer your savings to our Home Saver account. PLUS if you have held your Young Saver account for at least 3 years, you may be eligible for preferential terms on your first Holmesdale mortgage (subject to Terms and Conditions).

Key Product Information

Account Name

Young Saver

What is the interest rate?

Current Interest Rates (Effective from 1st of January 2018)

Savings of Gross AER Net
£10+ 2.25% 2.25% Paid Gross

Interest, paid annually on 31st March, can be added to the account, transferred to your bank account, or transferred to an existing Holmesdale savings account (subject to the terms and conditions of the receiving account).

Can the Holmesdale change the interest rate?

The interest rate is variable, which means we reserve the right to change it to reflect market conditions, to comply with legal or regulatory guidelines and to protect the long-term future of the Society. We will give you thirty days' notice before any changes that would disadvantage you. For full details please read our Savings Terms and Conditions

What would the estimated balance be after 12 months?

Based on the current rate of interest:


If you deposit £1,000 in this account, after 12 months you would have £1,025


(This figure is only an estimate, based on there being no additional deposits, withdrawals, or rate changes in that time with all interest being added to your account. This figure is for illustrative purposes only, and does not take into account your personal circumstances.)

How do I manage and open my account?

To be eligible for this account you must be an individual under the age of 23 years who is resident in the UK


Accounts can be opened with a minimum of £10 and a maximum of £25,000. The maximum that can be held in this account is £25,000


To open an account, simply complete an application form (available at the bottom of this page or at our branch). Manage your account by visiting our branch, or by forwarding your written instructions to us. You may view your account online by registering for our online service, 'My HBS'.

Can I withdraw money?

Easy Access - you can make withdrawals from your account without notice or penalty, by visiting our branch or by forwarding your passbook with written instructions to us.


Withdrawals are subject to the limits explained in our savings terms and conditions

Additional Information

Free gift issued, see our Young Saver Account Guide for further information. Account converts to a Home Saver account on 23rd Birthday, see our Home Saver Guide.


For children under 7, the account must be opened in their name but operated by an adult. The child will have sole control of the account on their 7th Birthday & will be the only person permitted to make withdrawals.


This is a summary of the key features of this account. You will still need to read the savings terms and conditions.

Previous Interest Rates (Effective from 1st of November 2016)

Savings of Gross AER Net
£10+ 2.00% 2.00% Paid Gross

How To Apply

Opening an account with the Holmesdale Building Society could not be easier – simply read through our Terms and Conditions, complete an application form and take or post it to our office along with your initial investment. We will verify your identity electronically, however further identification may be requested. Click here for details of our identification requirements.

To discuss your requirements you can request a call back and we'll ring you to talk things through. Alternatively, call us on 01737 232320   to speak  with  our savings  team   or visit our office.

Request Call Back
Download Application Form