Children's Savings Accounts

  - Find the best account for your child's money. Compare the best children's savings accounts using our independent best buy tables or whole market search.
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Kid's Regular Saver
6.00%
Fixed 12 Month Bond £10
  1. No
  2. Yes
  3. No
  4. No
Details...  


Young Saver
3.00%
Variable Instant £1
  1. No
  2. Yes
  3. No
  4. No
Details...  


Smart Limited Access
3.00%
Variable Instant £1
  1. Yes
  2. Yes
  3. No
  4. No
Details...  


Young Saver
3.00%
Variable Instant £1
  1. No
  2. Yes
  3. No
  4. No
Details...  


MySavings
3.00%
Variable Instant £10
  1. No
  2. Yes
  3. No
  4. Yes
Details...  


Jumbo Junior Fixed Deposit
2.90%
Fixed 5 Year Bond £1000
  1. No
  2. Yes
  3. Yes
  4. No
Details...  


Young Saver 1st Issue
2.50%
Variable Instant £1
  1. No
  2. Yes
  3. Yes
  4. No
Details...  


18 Club
2.47%
Variable Age 18 £1
  1. No
  2. Yes
  3. Yes
  4. No
Details...  


Leap Account Issue 3
2.25%
Variable Instant £1
  1. No
  2. Yes
  3. Yes
  4. No
Details...  


Young Saver
2.25%
Variable Instant £10
  1. No
  2. Yes
  3. Yes
  4. No
Details...  
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Last Updated: Monday 25 May 2015 19:25

Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to open an account today. Products shown with a yellow background are sponsored products.

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All rates subject to change without notice. Please check all rates and terms before investing or borrowing.
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Children’s savings accounts explained

  • Available in the same formats as savings accounts for adults: fixed rate bonds, regular savings, easy access
  • Starting to save earlier can benefit your child more in the long run due to compound interest
  • Some accounts have minimum and maximum age restrictions
  • Depending on when your child was born, they may be eligible for either a Child Trust Fund or Junior ISA account

Children’s savings can take the form of a mixture of short and long term goals. On the one hand, a grandparent might be looking to put money aside to help a child achieve a goal far in the future such as raising the deposit on a house, or buying a car. On the other hand, the child themselves may wish to deposit surplus birthday money in a children’s savings account until they see something that they wish to buy.

To meet these differing needs, children’s savings accounts are available in the same varieties as adult savings accounts, including ISAs (or Child Trust Funds if your child was born between 1.9.02 and 2.1.11).

Some accounts will allow you to open an account for your child from birth; others may have an older minimum age requirement. Similarly, not all children’s savings accounts will run until your child is 16 or 18 – some end when a child turns 11, or 13 for instance.

In reality most children don’t pay tax on interest they earn from their savings. However, if a child earns more than £100 in interest on money given to them by a parent or step-parent, there will be tax to pay (unless that money is in a Child Trust Fund or Junior ISA). Read more about tax and children’s savings.

What next?

Savings home
Search all children's savings accounts
Compare junior ISAs

Guide to children’s savings accounts
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