Designed for 11-18 year oldsApply online
Earn interest on everything you pay in and get your own Visa debit card to use online and in shops
With our Adapt account you can get a Visa Debit card which you can use in shops, over the phone and online.
Plus, design the look of your card with your own photo, artwork or choose a design from our online library.
There is a small charge of £5 for each new card design.
Interest we pay you
The annual rates of interest paid on credit balances:
Calculation and application of interest
Interest is calculated on a daily basis and paid into your account once a month, usually the day after we issue your statement.
Annual Equivalent Rate (AER) . This is a notional rate used for interest bearing accounts which illustrates what the gross credit interest rate (excluding any bonus interest payable) would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.
Effective Annual Rate of Interest (EAR) . This is the real annual cost of an overdraft, stated as an annual rate, which takes into account how often interest is charged to the account. All other charges, such as arrangement fees, must be shown separately from the EAR.
Gross Rate. This means the interest rate you are paid without the deduction of income tax
Nominal Rate. The rate charged excluding compounding of interest and other charges associated with a borrowing, e.g. arrangement and security fees.