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Humphrey Club

Humphrey Club

If your child is under 9 years old, you can open a Humphrey Club Savings Account as a trustee and give them a head start in their financial future.

We will give them interest on their savings, which means extra money in their account and the more they save, the more interest they will receive.

What’s more, because we give you a passbook, you can see exactly how much money has been saved.

You only need £1 to join and can save up to £25,000.

Please noteAny account opened after 25 May 2018 cannot be operated in the sole name of a child.

Summary Box - Key Product Information
Account Name Humphrey Club Savings Account
What is the interest rate?

Annual interest


1.00% Gross* / 1.00% AER**

Interest is calculated on a daily basis and paid on the 1 January and 1 July each year.

Can Leek United Building Society change the interest rates?

The interest rate on this account is variable.

Leek United Building Society has the right to change interest rates in certain circumstances. Please see the Society's Statement of Practice for Investors which provides further information on these circumstances.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Based on a deposit of £1,000 the estimated balance after 12 months is £1,010.02. This projection assumes that the amount of £1,000 is deposited in the account at the time it is opened and that no further deposits or withdrawals are made for the full interest period.

This projection is provided for illustration purposes only.

How do a I open and manage my account?

The account can be opened in person at one of our branches or agencies or by post.

The account must be opened with a minimum deposit of at least £1. A maximum of £25,000 can be held in the account.

Available to UK residents only.

Can I withdraw money?

Withdrawals can be made subject to standard branch and agency withdrawal limits.

Withdrawals will not be allowed without the passbook.

Additional information

Any account opened after 25 May 2018 cannot be operated in the sole name of a child.

Available for children up to the age of 9 years old. If the account is in the sole name of the young saver rather than a trustee, the Society will not allow any withdrawals unless it is satisfied the young saver is capable of understanding the transaction.

When the young saver reaches the age of 18, the Society will write to the saver and arrange for the balance to be transferred to another suitable savings account. If no instructions are received the Society will automatically transfer the funds to an Easy Access Pyramid Share account.

When the young saver reaches the age of 13, the trustee can ask to be removed from the account and the young saver can operate the account in sole name from this point.

The above rates are applicable from 02 December 2020.

* Gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).

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

In some circumstances customers will be required to pay tax on interest earned. Please contact HM Revenue & Customs for further information or view their website.

The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change.

For terms and conditions relating to the Humphrey Club Savings Account click here.

How do I apply?

What next?

View our interest rates

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Savings Fees and Charges

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Proving your Identity

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Savings application forms

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