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Route 15
11-15 year olds get
their own bank account
Route 15 makes you the boss of your cash, plus you earn interest on what you save.
- Get your money - withdraw up to £50 every day from almost every UK cash machine. On holiday? Get your cash there too - just look out for the Cirrus or MasterCard logo.
- Earn interest - see your money grow each month. Don't pay tax? Just fill out a form and you won't get taxed on your interest either.
| Amount | Gross rate % | AER % |
|---|---|---|
| Any amount | 1.35 | 1.36 |
Gross rate
Gross rate - is the interest rate paid before the deduction of tax.
Annual Equivalent Rate (AER)
Annual Equivalent Rate (AER) - illustrates what the interest rate would be if paid and compounded each year.
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