Falcon Club

Falcon Club is a specialist account developed for the age range 16 – 23, to offer a smooth way into adult finance. As it's a period where young adults experience the most change, a suitable steady instant access savings account can offer reliability, with the back up of an attractive interest rate to keep those balances growing consistently. So whether you're off to college, buying a car, taking foreign holidays or even getting married and buying your first home, Falcon Club can offer you that little extra. There's also the other additional benefit of small birthday gifts at 17,18 and 21 too.

Falcon Club takes your savings that little bit further to help you achieve your next goal in life and also provides access to friendly advice regarding the development of your finances for the future.

Deposits and withdrawals

You can invest and withdraw from this account at any time to suit your requirements. The account offers one enhanced interest rate no matter what the balance, to ensure your savings grow consistently. Take a look at our interest rates to see the rate currently applicable. Rates are variable on this account and can go down as well as up.

Withdrawals can be made at a branch counter to provide cash or cheques. Withdrawals by post offer cheques only. In both cases your passbook will be required. No notice of withdrawal is required, subject to the general terms and conditions seen below.

What happens when the account holder reaches 23?

Falcon Club is available until the account holder reaches 23. Prior to this birthday, we will write with details of the accounts that offer the most suitable home for the account balance at that time.

Terms and Conditions of the Falcon Club account

This section contains the particular terms of the Falcon Club Account (the "Specific Product Terms") and the general terms and conditions (the "General Terms").

Read together, the Specific Product Terms and the General Terms (a link to which is set out below), explain and govern how your account works. In particular, General Terms 4, 5 and 12 explain the circumstances in which we may change the interest rates and the terms and conditions to your account and any charges relating to your account and how we will tell you about those changes. It is important that you read all of the terms applicable to your account before you decide whether to open it. If there is any inconsistency between the Specific Product Terms and the General Terms, then the Specific Product Term will apply.

If you open an account it will be with Yorkshire Building Society (trading as Barnsley Building Society). Barnsley Building Society is operated under its own brand with its own products and as a trading name of Yorkshire Building Society. References in the Specific Product Terms or in the General Terms to "you" and "your" are to the account holder. References to "we", "our" or to "the Barnsley" are to Yorkshire Building Society trading as Barnsley Building Society.

As you will be a member of Yorkshire Building Society, the Society's Rules will apply to you. A copy of the current Rules is available on request. Further information about membership and other issues can be found in the Yorkshire Building Society leaflet entitled "Your Society" available in all Barnsley branches.

Specific Product Terms

Investment : Minimum initial deposit - £1 Maximum account holding - £10,000
Interest is paid - 31st December

Account Maturity: As this account has been designed for a specific age range, it will mature on your 23rd birthday. The account can be transferred to another suitable account type dependent on your balance and wishes. We will write to you before your 23rd birthday to notify you of your options shortly before the maturity date.

Incentives: Incentive gifts will be available at 17th 18th and 21st birthdates. A set of vouchers for years 17, 18 and 21 will be issued with the passbook. These incentives must be claimed by the account holder around the relevant birthdates. In all three cases the minimum balance required in the account must be at least £200.

Click here to view the General Terms and Conditions of all the Barnsley Savings Accounts.