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.
Also look at:

Compare the Best Childrens Savings Accounts

Compare
Up to 3 products
side by side
AER Rate Type Notice / Term Min Invest Account Opening Search all 1548 accounts
 


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...  


Leap Issue 2
2.75%
Inc 0.50% bonus for 12 months
Variable Instant £1
  1. No
  2. Yes
  3. No
  4. No
Details...  


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


Children's Bonds Issue 35
2.50%
Fixed 5 Year Bond £25
  1. Yes
  2. No
  3. Yes
  4. Yes
Details...  


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


SuperSaver
2.05%
Variable Instant £1
  1. No
  2. Yes
  3. No
  4. No
Details...  


Ladybird Issue 5
2.05%
Variable Instant £1
  1. No
  2. Yes
  3. Yes
  4. No
Details...  
Compare
Last Updated: Sunday 31 August 2014 00:25

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.

Disclaimer:
All rates subject to change without notice. Please check all rates and terms before investing or borrowing.
Search All Savings Accounts >>
 

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
Savings guides

Advertisements:

170 savings accounts now beat inflation
170 savings accounts now beat inflation

The latest official inflation figures show that the Consumer Prices Index (CPI) fell to 1.6% in July... More

How to get the best returns from your savings
How to get the best returns from your savings

Getting a decent return from your savings takes more than putting money in the first account you com... More

52,000 Premium Bond prizes added
52,000 Premium Bond prizes added

With savings rates still tending to frustrate rather than elate, savers have increasingly been looki... More

6 of the best notice savings accounts
6 of the best notice savings accounts

If you’re looking to secure the best rate on your savings, you generally have one of two options – t... More

Are your savings stagnating? Don’t let them!
Are your savings stagnating? Don’t let them!

There’s nothing worse than squirreling away your hard-earned cash into a savings account, only to fi... More

Islamic Sharia’a compliant savings accounts
Islamic Sharia’a compliant savings accounts

Islamic savings accounts offer a Sharia’a-compliant way of saving for Muslims living in the UK, as w... More

Depositor protection schemes if a bank goes bust
Depositor protection schemes if a bank goes bust

Find out where your bank or building society is licenced, and what deposit protection guarantees you... More

Savings accounts for over 50s
Savings accounts for over 50s

Savings accounts for the over 50s can offer a better rate, but not always. Make sure you always comp... More

AA boosts savings rate to top the charts
AA boosts savings rate to top the charts

AA has increased the rate on its no notice savings account by 0.20%, seeing it storm up the Moneyfac... More

Nottingham BS increases easy access rate
Nottingham BS increases easy access rate

Nottingham Building Society has increased the rate on its easy access account by 0.09%, securing it ... More

West Brom increases five-year bond rate
West Brom increases five-year bond rate

West Brom Building Society has increased its five-year bond rate by 0.25%, achieving a top ten rate ... More

Market Harborough’s best buy savings accounts
Market Harborough’s best buy savings accounts

Market Harborough Building Society has revamped its savings range, launching two new fixed rate bond... More

Paragon’s notice account takes top 3 spot
Paragon’s notice account takes top 3 spot

Paragon Bank has reviewed its savings range and amended the rate of its notice account, seeing it re... More