Junior Saving Account


At City of Plymouth Credit Union we appreciate that saving money is a great habit to learn whilst young and so we offer our fantastic Junior Saving Account.  Encouraging children to understand the value of money can make a huge difference to their future development of financial skills. We do NOT charge a membership fee for Junior Saving Accounts and waive the normal adult membership fee on reaching the age of 18 on promotion, so it’s all free.

Are you working at a school? How about starting a School Savings Bank? Several local schools have done just that. And it can help with financial, IT and mathematics as part of  the National Curriculum.


Anyone under the age of 18 can join City of Plymouth Credit Union as a Junior Saver. It’s amazing how quickly savings grow if regular deposits are made on, say, a weekly basis.

Joining is easy. When you join as a Junior Saver, your Junior Saving Account will automatically be opened. Remember, your parent or guardian must sign the form and will act as a trustee for your account. They will also be asked for an age at which you will be allowed to withdraw your savings without their countersignature, otherwise, they will need to sign all Saving Withdrawal forms before they can be paid.

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!

You can withdraw your savings at any time by completing a Junior Saving Withdrawal Form (print it out or obtain one from a Service Point).

Please Note: City of Plymouth Credit Union will only allow a parent, guardian, or grandparent to open a Junior Saving Account for Data Protection and Safeguarding reasons.


  • If you’re under 18 years of age, you can join
  • You can join directly with the credit union or via your school
  • No membership fee!
  • Must have a parent, guardian or grandparent to act as a trustee
  • Automatic promotion to Adult Member at 18 with no membership fee
  • Promote financial awareness
  • Help with National Curriculum

Junior Saving Account Terms and Conditions