Junior Saver

Prepare your child for a financially secure future with our Junior Saver account. This easy-to-use savings account encourages good money habits early on. Start teaching your child the importance of saving and watch them grow into a financially savvy adult.
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Benefits for you

  • Lay the groundwork for your child’s understanding of savings and financial planning, setting them up for success in their adult life 

  • Easily set aside money for your child’s future via direct debit, standing order or bank transfer 

  • Grow your child’s savings with an annual dividend paid every April, a nice bonus for their future 

  • Seamlessly manage your Junior Saver via the members area of our website 

Your Junior saver  

  • Save via direct debit, standing order or bank transfer
  • 24/7 access to your account online
  • Make faster withdrawals
  • Get annual dividend in April
  • Deposits are protected by FSCS up to £85,000

You’re eligible to apply if you… 

  • Are applying for a child age 18 or under
  • Are a GMB Credit Union member

Terms & Conditions

  • Junior savings accounts are opened in the child’s name but remain under adult control until 18
  • Minimum opening deposit is £5
  • Maximum savings per member is £20,000
  • Withdrawals are by BACS transfer to a member’s nominated bank account which takes two working days
  • Eligible members receive a yearly dividend in April, after it’s agreed upon at the Annual General Meeting (AGM)
  • The dividend is calculated based on your daily balance throughout the year, from January 1st to December 31st
  • Dividends are paid gross
  • Your liability to pay tax depends on your individual circumstances


Apply for a Junior Saver account today for your child. It’s fast, simple and you can do it all on our website. Build a more secure future for your loved ones and benefit from being a part of our community, including access to ethical loans, such as the GMB Credit Union Starter Loan.

Apply now

Why choose us?

GMB Credit Union is more than just a financial institution – we’re a community where members help each other. We make sure that money circulates for the benefit of the community by pooling member savings and then lending to other members. Support your GMB community and boost access to affordable credit with your GMB Union membership.