Santander
123 Mini Account (in Trust)
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General

Gross Interest Rate3.00% - £300 - £2,000
2.00% - £200 - £299
1.00% - £100 - £199
Note: Trustee must have a Santander current account
AERAs above

Opening

Method of opening accountTelephone, Branch
Minimum age of account holderMust be opened in trust for children under 13. Trustee must be over 18.
Minimum deposit£300 for 3.00% but account can be opened with £1
Maximum deposit£2,000,000
Contact details for opening0800 389 9875
Go to Santander Website
Contact local branch

Ongoing

Frequency interest paidMonthly
Interest fixed untilVariable
Details of any bonus ratesN/A
Minimum ongoing balance£1
Compound interest or paid into separate accountApplied to account

Closing/Accessing funds

Withdrawals allowedNo
How withdrawals are madeInternet, Telephone, Branch
Early access penaltiesN/A
Notice requiredNo