Young Gospel Partner Account
Help children and young people save with purpose.
Kingdom Bank’s Young Gospel Partner Account offers a 1.00% interest rate, with funds accessible after 32 days. Designed for those 17 and under, this account encourages future-focused saving while supporting gospel work, providing a meaningful way for children to see the impact of their savings in the world.
Accounts are opened under the oversight of parents, grandparents or guardians.
Account Information
This savings account is available for all individuals.
- Interest rate: 1.00% Gross/AER
- Interest accrual: Interest accrues on the daily balance at the above rate. This rate may vary from time to time and we will notify you of any changes.
- Deposit method: Online banking, card payment, standing order, or post.
- Minimum balance: £1.
- Withdrawal notice period: 32 Days
- Withdrawal methods: Telephone banking, or post.
- Withdrawal destination: Pre-nominated bank account in the same name as the account holder.
saved with us in 2024.
Protected savings with a purpose
With FSCS protection and full FCA and PRA regulation, your savings are safe with us. Our interest rates ensure you earn predictable returns, and as a Christian bank, we ensure your savings are invested in gospel causes.
Ethical investment in Christian mission
We only invest in Christian causes with gospel purpose. From church building projects to property purchases, your savings support gospel growth. And, when you need them, we’ll return your savings with interest.
Personalised and friendly support
Say goodbye to frustrating call waiting times. Our friendly staff are passionate about helping you put your savings to work for the gospel. We’ll guide you through your savings options and help you set up your first deposit.
Get started!
Our friendly team are here to help. Whether you’re ready to open a savings account, or if you’ve got more questions, fill in this form and we’ll be in touch with you within two working days.
You can also call us on 0115 921 7260 to begin setting up your account.
Got a question?
We're here to help!
Can Kingdom Bank change the interest rate?
Yes. As this account pays a variable rate of interest, it can change over time – the general terms and conditions explain how this happens.
We will always let you know any planned changes to the rate. For example, we may review our interest rates if the Bank of England base rate changes.
How do I manage my account?
Deposits can be added at any time via online banking, card payment, standing order or post.
Information can be requested on the phone, but all instructions should be sent to us by post.
Shortly before the young person’s 18th birthday, we will contact you to seek your closure instructions. The balance of the account may be transferred to an account in their own name (subject to normal account opening criteria) or we can post a cheque for the balance of the account – payable to the child – to the address we hold.
Can I withdraw money?
Yes. You can make withdrawals from this account by giving 32 days’ notice, and there is no charge for doing so.
You can either request a withdrawal over the phone or by sending a letter/withdrawal request in the post.
All withdrawals must be made to a UK account in the same name.
No charges apply to this account (except for those referred to in our terms and conditions, where we permit early withdrawal at our discretion with charges on transfer before notice period served).
What would the estimated balance be after 12 months?
If you deposit £1,000 when you open the account, the balance after 12 months will be £1,010.00
This assumes:
- You do not withdraw any money and interest is paid into this account.
- The interest rate stays the same.
- You do not add any more money.
Explore our other savings products
Personal Gospel Partner Account
An account that puts your money to work to help build God’s Kingdom.
90-Day Notice Deposit Account
With a longer notice period and higher rate of interest, our 90-Day Notice Deposit Account allows you to earn more whilst you save.
