Our Young Savers Scheme is available to those from 0 to 16 years old and has proven to be a huge success in encouraging children to save, value money and appreciate the ethos of saving. We know how important it is for children to learn how to handle cash and get into the habit of saving; we are proud to have developed an army of young savers across Blackburn with Darwen and given them the first building blocks in good money management for their adulthood.

The safe and easy to understand scheme could not be any simpler. Young savers are able to deposit as much or as little as they would like each week via our ‘Collection Points’ network, our Head Office or Participating Schools. Each Young Saver receives a passbook to help keep track of their savings and amounts.

Benefits of our Young Savers accounts include:

  • Encourages a regular savings habit
  • A dividend will be paid annually on savings
  • A practical, basic understanding of money
  • All savings covered by the FSCA
  • Automatic access to other services of the Credit Union when 18.

Please fill out our Young Savers Scheme Application Form to enrol your child. All savings are covered by the Financial Services Compensation Scheme which ensures their savings are safe. Please do not hesitate to contact us by telephone/email or come along to one of our community collection points for any additional information.