Key features

• Developed specifically for young Barnsley FC supporters
• Available for children up to their 16th birthday
• 0.5% of annual balances paid to the Club each year
• Can be opened with as little as £1 
• Instant access, unlimited number of withdrawals
• Interest paid annually on 31 December
• Can be opened at any of our branches or by post
• Open to UK residents/those ordinarily resident
• Operated using a passbook.

Deposits and withdrawals

You can invest and withdraw from this account at any time to suit your requirements.

Withdrawals can be made at a branch counter to provide up to £500 in cash or cheques up to the account balance. Withdrawals by post offer cheques only. In both cases your passbook will be required. No notice of withdrawal is required, subject to daily withdrawal limits.

Investment limits

Minimum initial investment - £1.
Maximum account holding - £10,000.

Interest

Interest is paid annually on 31 December and will be paid after deduction of income tax at the lower rate or, subject to the required certification, gross.

View the interest rate for this account.

Children Under Seven

Accounts can be opened for under sevens by an adult who is willing to operate the account as a trustee. Account trustees can be parents, grandparents, other family members or friends.

When an account is set up for a child and a third party acts as a trustee on the account, the funds held in the account must be used solely for the benefit of the named child.

Once the child has reached the age of seven the account can be transferred into their name.

As part of the account opening procedure, we will carry out electronic verification of the Trustee's personal identity and address. If this search proves unsuccessful, the Trustee must provide documentary evidence, e.g. a passport or photo driving licence. Identification relating to the child e.g. birth certificate, passport, etc. must also be provided.

Children aged Seven or Over

A Junior Reds Saver account can be opened in the child's name if they are seven or over. Identification relating to the child (one for personal identification which could be a birth certificate and another for home address verification) will be required.

What Happens When the Account Holder Reaches 16?

A Junior Reds Saver is available to individuals up to their 16th birthday. At that time the account holder will be contacted with the options available .

Accounts can be transferred into an adult Reds Saver account or any other Barnsley account. Without instruction from either the account holder or trustee, the account will automatically transfer to a Reds Saver Account.

Bonus Payments to the Club

The annual bonus payment is made to the Club in June. This payment is made by the Barnsley for an amount equivalent to 0.5% of the average daily balances held within the account type as a whole. This payment does not affect savers' balances.

The Barnsley

If you open an account it will be with Yorkshire Building Society (trading as Barnsley Building Society). Barnsley Building Society is operated under its own brand with its own products and as a trading name of Yorkshire Building Society.

Full terms

Full terms and conditions for this account are available at our branches.

Summary Box

Interest rate

AER stands for Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.

Net: Interest on investments and savings amounts is payable net of income tax, which means after the deduction of income tax at the lower rate of 20%, or subject to the required registration gross.