Dylan Regular Saver Bond

A 3 Year Dylan Regular Saver Bond is a great way to encourage a child to save. It can also be used to build savings on their behalf. It may be right for them if they have a regular amount to invest each month that can be left untouched for three years.

  Interest rate Gross* p.a. AER†
Fixed 2.50% 2.50%
  • Save in branch, agency or by post
  • Save up to £150 a month for three years
  • Minimum initial investment £10
  • Interest is calculated on the daily balance and paid annually
  • Multiple deposits are permitted up to the monthly maximum
  • No withdrawals allowed before the end of the 3 year term
  • Early closure permitted if the child needs access
  • The maximum age for opening this Bond is 17 years
  • Limited availability
  • Accounts can be opened on a signatory or trustee basis, for more information click here
Summary Box
  Summary Box
Account Name Dylan Regular Saver Bond Issue 8
What is the interest rate? 2.50% Gross* p.a. / AER† (Fixed)

Interest is calculated on your daily balance and paid annually on the anniversary of your bond opening.
Can Principality Building Society change the interest rates? No, the rate on this bond is fixed for 3 years until maturity.
What would the estimated balance be after 36 months based on a £5,400 deposit? £5,611.27 (based on 36 monthly deposits of £150, the first being made on the date the account was opened and the remaining 35 on the same day each following month).
How do I open and manage my account?
  • The bond can be opened for a child who is under 18 years old on a signatory or trustee basis. However, if the child is aged between 14 years and 17 years old, they can open it on their own.
  • For accounts opened on a signatory basis, the child will always be the named account holder.
  • For accounts opened on a trustee basis, the trustee will always be the named account holder.
  • The signatory, trustee and child must be a UK resident for tax purposes.
  • Only one bond can be opened for each child.
  • Open your bond in branch, agency, or by post.
  • Minimum balance is £10, maximum investment is £5,400.
  • You are not obliged to pay into your bond every month.
  • Multiple monthly deposits can be made, as long as you don't exceed the maximum monthly deposit of £150.
  • The bond will mature after three years on the opening anniversary.
  • Manage the bond in branch, agency, or by post.
Can I withdraw money?
  • No, you cannot make any withdrawals prior to maturity.
  • The bond can be closed if needed; in this case interest will be calculated at the rate above on the daily balance from the date of opening to the date of closure.
  • Depending on the age of the child at maturity, the balance will be transferred to our Children’s Account or Instant Access Account or its nearest equivalent.
  • We will write to the child or trustee before the bond matures to let them know what they can do with the balance.
  • If the account is closed or a withdrawal is made at maturity on the child's behalf, this must be for the child's benefit.
  • From the child’s 14th birthday onwards, the person or people managing the account can decide to pass control of the account to the child. After this, only the child can make withdrawals.
Additional information
  • For accounts opened on a trustee basis: after the child’s 18th birthday, if the beneficiary requests that the funds are transferred to them, then the trustee is obliged to do so.
  • Service charges and costs may apply, see Tariff of Charges.
  • If the total interest exceeds your Personal Savings Allowance you may have to pay tax directly to HMRC. Visit www.gov.uk/savings-for-children
  • In certain circumstances we may refuse an instruction to operate an account. These circumstances are outlined in our Savings Terms and Conditions.
  • Rates correct as at 04/06/20.

Before you apply below, please read the 3 Year Dylan Regular Saver Bond Issue 8 Terms & Conditions

As the child, signatory, or trustee will be bound by the Account Terms of the account and their information is held in accordance with our privacy policy, you should read, print and save the below documents for your records. If you have any queries relating to them, please contact us for further information.

We recommend that you print and keep a copy of these terms and conditions for your records.

Please also read the following:

^ Tax-free means the interest you earn is exempt from UK Income Tax and Capital Gains Tax. Tax treatment depends on your individual circumstances and may not be maintained in future.

* Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

† AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded once each year.

Product previously viewed

Dylan Regular Saver Bond Issue 8

Putting money into your savings account Once you've opened your savings account, for most accounts you should pay money in within 5 business days. Click here for information on how you can do that.

  • 6th largest UK building society
  • A mutual building society, owned by and run for the benefit of our 500,000 members
  • Over 160 years experience
  • Taking care of over £11 billion of our customers' assets
  • Members can access a Member Rewards page featuring competitions, discounts and more.