You can only apply over the phone.
You can apply for this account if:
- It is being opened as part of the Family Boost Mortgage Scheme.
- You agree the balance, excluding interest, can be held as security against the Family Boost Mortgage.
- You accept you will not be able to access the savings until the charge is released.
- You’re 18 or over, resident in England or Wales, and you aren’t a named applicant on the mortgage.
- Either you or the mortgage applicant have a Reward or Ultimate Reward current account.
You should obtain independent legal advice before signing the legal charge over this savings account.
If you want to open it as a joint account, you both must live at the same address or have the same surname.
When you apply, we will open an Everyday Saver account for you first. You'll need to pay your deposit into this account. The deposit must be 10% of the agreed property purchase price and can't be more than £50,000. We need to receive this at least seven working days before the property purchase completes (not including Saturdays, Sundays or English bank holidays). Before the house purchase completes we’ll change your account to a Family Boost Fixed Savings Account. The three year term starts on the day the account is changed to a Family Boost Fixed Savings Account.
You can manage the account online.
