Customer notice Your Kool Kidz account is changing

Customer notice

Your Kool Kidz account is changing

Kool Kidz account changes

In order to improve our savings accounts and ensure consistent terms and competitive rates, we have simplified our range.
These changes mean all Kool Kidz accounts will automatically transfer to a Kickstarter account on 5 November 2019. This account provides young savers with easy access to their funds.

Notes that apply to these rates:
* Interest is paid without tax deducted. Some savers will be required to pay tax on savings interest; this should be arranged directly with HMRC through your tax return.
** AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once each year.

Gross*/AER**%
Variable interest paid annually on 31 December£1+1.50
Kool Kidz
  • Rate effective 1 May 2009
Kool Kidz Issue 2
  • Rate effective 1 May 2009
Gross*/AER**%
Variable interest paid annually on 31 December£10+1.50
Kickstarter
  • Full terms and conditions for this account can be found here.
  • You can continue to use your account as you do now.

If you have any queries regarding this change, you can call us on 01858 412250, send a secure message via our Online Service, email us at customersfirst@mhbs.co.uk, or visit any of our branches.