Young Saver Account Form Advantages of Savings What is a Credit Union? Regular saving with the Credit Union makes sense. Not just for you but for your community as well. East Sussex Credit Union is a savings co-operative. This means that when you save with us you are also helping others in your community and earning interest on your savings. You can pay money in via your Pay Point card at any store or post office displaying the PP sign or parents can pay via a standing order. Some schools also have Savers Clubs. Male Female (please circle one) Young Saver’s Surname First Name Other Names Address Postcode Date of Birth Sponsoring Adult’s Surname First Name Relationship to Saver I wish to apply for a Young Saver account for the above young person. We will need to see proof of your ID and residence. Photocopies are acceptable. Signed Dated I wish to be TRUSTEE of the above account OR Saving regularly helps you afford things that are normally too expensive for you to buy. Your parents will need to sign your application form as well if you are under 16. I wish to designate (name) Address Postcode Relationship to Saver Telephone no. of Trustee As the TRUSTEE of the above account until the Young Saver reaches the age of years (maximum 16 years) when the Young Saver becomes responsible for their own account. The information on this form will only be used for Credit Union Purposes. office use only Marketing Source office use only Membership Number Contact details Notes for Adults East Sussex Credit Union Community Base 113 Queens Road Brighton BN1 3XG An adult, normally a parent or grandparent, has to act as a sponsor (trustee) for the account until the Young Saver reaches the age of 16 years at which time they become responsible for their own account. Tel: 01273 234858 Email: [email protected] Website: eastsussexcu.org.uk Why not set up a Young Savers Club in your school or community? To find out how contact us. If there is not a Savers Club at their school, the Young Saver will have a Pay Point Card to pay into their account at any Pay Point outlet. However, they will not be able to withdraw funds without the sponsors signature. We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a credit union is unable to meet its financial obligations. Most depositors – including most individuals and small businesses – are covered by the scheme. For further information about the scheme (including the amounts covered and eligibility to claim) please contact us, or look on our website, or refer to the FSCS website. “ Be a Young Saver with the Credit Union.”