Children's Savings Accounts - Junior Savings | moneyfacts.co.uk

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 1739 accounts
 

4.00%
Fixed 12 Month Bond £5
  1. No
  2. Yes
  3. Yes
  4. No
Details...  

2.75%
Variable Instant £10
  1. No
  2. Yes
  3. No
  4. No
Details...  

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

2.21%
Variable Age 18 £1
  1. No
  2. Yes
  3. Yes
  4. No
Details...  

2.00%
Variable Instant £1
  1. Yes
  2. Yes
  3. No
  4. No
Details...  

2.00%
Variable Instant £1
  1. Yes
  2. Yes
  3. No
  4. No
Details...  

2.00%
Variable Instant £1
  1. Yes
  2. Yes
  3. No
  4. No
Details...  

2.00%
Variable Instant £10
  1. No
  2. Yes
  3. Yes
  4. No
Details...  

2.00%
Fixed 3 Year Bond £1000
  1. No
  2. Yes
  3. Yes
  4. No
Details...  

2.00%
Variable None £3000
  1. No
  2. Yes
  3. Yes
  4. No
Details...  
Compare
Last Updated: Wednesday 22 November 2017 17:26

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.

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme up to a maximum level of protection of £85,000 per person per institution.

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

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

 
Fixed rates ramp up, but savers disappear
Fixed rates ramp up, but savers disappear

Fixed rate bonds typically garner the greatest attention from savers, yet demand for such accounts s... More

Variable savings rates fell in run-up to base rate
Variable savings rates fell in run-up to base rate

Savers may have hoped that the base rate rise would lead to some improvement in the savings market, ... More

Fixed bond rates surge to 18-month high
Fixed bond rates surge to 18-month high

The fixed rate bond sector has seen some welcome competition in recent weeks, so much so that averag... More

Top inflation-beating savings accounts
Top inflation-beating savings accounts

Inflation has hit 3%, which means it’s all but impossible to secure a meaningful return from your sa... More

Savers left underwhelmed by base rate rise
Savers left underwhelmed by base rate rise

The base rate rise earlier this month should have been positive news for savers, yet they’re as yet ... More

Sharia’a compliant savings accounts
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

Is now the time to fix your savings rate?
Is now the time to fix your savings rate?

With some forecasters predicting interest rate cuts by November 2012, we look at the pros and cons o... More

New easy access account storms the charts
New easy access account storms the charts

Post Office Money has released a new issue of its online-exclusive easy access account, which has ju... More

Masthaven’s 2 & 3-year bonds enter charts
Masthaven’s 2 & 3-year bonds enter charts

Masthaven Bank has increased the rates on its two and three-year fixed bonds by up to 0.25%. As a re... More

OakNorth’s short-term bonds compete
OakNorth’s short-term bonds compete

OakNorth Bank has amended the rates on its 12 and 15-month fixed bonds by up to 0.16%, which has mad... More

Bank of Cyprus tops easy access chart
Bank of Cyprus tops easy access chart

Bank of Cyprus UK has increased selected rates by up to 0.15%, which sees its easy access account be... More

Vanquis improves its 4 and 5-year bonds
Vanquis improves its 4 and 5-year bonds

Vanquis Bank Savings has increased the rates on its four and five-year fixed rate bonds by 0.05%, wh... More

Close