Children's
Help children learn to save for their future with our children's savings accounts.
You can compare our accounts below, which include our Young Saver and Junior Cash ISA.
Children's
Young Saver
Specially designed for kids, our Young Saver account helps 7 to 17 year-olds learn how to save and manage their money.
Rate
4.00%
AER
Access
Yes
An easy access account where the child can take out money whenever they like.
Children's
Junior Cash ISA (2)
Help your child save for their future. Savings stay safely stashed away until your child is 18, earning tax-free interest each year.
Rate
3.75%
Tax-free p.a./AER
Tax free - Interest which is paid that is exempt from tax.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
A fixed rate doesn't change. A variable rate can go up or down.
The rate shown is based on interest being paid annually.
Access
No
The child can only access the money when they reach 18.
What is a children’s savings account?
Savings accounts that are specifically for children (under 18).
They're a great way to teach your kids healthy money habits and help them build a savings pot for the future!
How do I pay in to a children’s account?
Who controls the account?
This depends on the type of account.
Junior ISAs - If you’re a parent or guardian, you can set up a JISA for your child until they turn 17. If your child is 16 or 17, they can open a JISA on their own. When your child turns 16, they can choose to take over managing their JISA. But they’ll only be able to access their money once they turn 18.
Young Savers - Our Young Saver account is for young people aged 7-17 to manage their money themselves.
You can find out more about managing these accounts here: Children's account opening guide | Savings help
Are children’s savings accounts safe?
Like our other savings accounts, our children’s savings accounts are protected by the Financial Services Compensation Scheme (FSCS). The FSCS will protect up to £120,000 of any eligible deposits you have with us.
If the amount you have saved goes over this limit, the extra amount is unlikely to be protected.
Why save with us?
Savers are in safe hands with us - and so is your money.
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Can't find your account?
Thinking about opening a children’s account?
How to choose the best account for children
Looking for help?
Want help?
Our help section is bursting with useful information. If you'd rather chat, just give us a call.
Call us on 0800 121 8899
- Mon-Fri 8am-7pm
- Saturday 9am-2pm
- Sunday & Bank holidays Closed
Yesterday, people waited on average
17 seconds for savings enquiries
17 seconds for mortgage enquiries
Want help?
Our help section is bursting with useful information. If you'd rather chat, just give us a call.
Call us on
0800 121 8899
Saturday
Sunday
9am - 2pm
Closed
Closed
Yesterday, people waited on average
299 seconds for savings enquiries
74 seconds for mortgage enquiries
