Royal Baby mania has struck Great Britain once again with the birth of baby Charlotte Elizabeth Diana.
Champagne glasses were clinking across the country when it was announced that the Duke and Duchess of Cambridge’s second child had arrived.
The Duke and Duchess of Cambridge are delighted to announce that they have named their daughter Charlotte Elizabeth Diana.
— Kensington Palace (@KensingtonRoyal) May 4, 2015
To celebrate this exciting event, Virgin Money will load £25 into the accounts of the first 1,000 Charlottes and Charlies aged under 16 who open a new Virgin Young Saver account in one of our stores.
So if you or someone you know is a Charlotte or Charlie under 16, head to a Virgin Money Store to claim this Royal prize.
Zack Hocking, Head of Savings at Virgin Money said:
This is a bit of fun to celebrate the birth, but there is also a serious message at its heart. Saving for children helps them get off to a great start when they fly the nest and start to live their lives independently. It is never too early to start saving for your child’s financial future.
The Virgin Young Saver Issue 2 pays interest of 2.00% gross* pa/ AER** variable and is available through Virgin Money Stores, or by post, to customers aged under 16. Accounts can be opened with just £1. Interest is paid annually, and the maximum balance is £10,000. More information on the Virgin Young Saver Account is available in our stores or via our website.
*Gross is the rate of interest paid to eligible non-taxpayers without deduction of tax. Interest will be paid net of tax unless account holders are eligible to receive interest gross and submit the required registration form.
**AER stands for Annual Equivalent Rate and shows what the interest rate would be when interest is paid and added to the capital balance each year.