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 1790 accounts
 

4.50%
Fixed 12 Month Bond £10
  1. Yes
  2. Yes
  3. No
  4. No
Details...  

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

2.50%
Variable Instant £1
  1. Yes
  2. Yes
  3. No
  4. No
Details...  

2.25%
Variable Instant £10
  1. No
  2. Yes
  3. Yes
  4. No
Details...  

2.25%
Variable 100 Day £100
  1. No
  2. Yes
  3. Yes
  4. No
Details...  

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

2.05%
Variable Instant £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%
Fixed 3 Year Bond £1000
  1. No
  2. Yes
  3. Yes
  4. No
Details...  

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

* Please note, Child Trust Funds are no longer available.

 
Highest number of savings rises since December
Highest number of savings rises since December

With official statistics revealing that inflation once again remained at 2.4% in June, savers will n... More

Average fixed bond rates reach two-year high
Average fixed bond rates reach two-year high

While many savers may be reluctant to put their savings into a fixed rate account, given ongoing spe... More

Easy access market sees some sign of recovery
Easy access market sees some sign of recovery

The average no notice rate now sits at its highest point since August 2016, following two consecutiv... More

6 of the best long-term bonds
6 of the best long-term bonds

Fixed rate bonds can be one of the best ways to secure a decent return from your money, but if you r... More

Sharia’a-compliant savings better than average
Sharia’a-compliant savings better than average

New research has revealed that, on average, Sharia’a-compliant accounts are beating the rest of the ... 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

Wyelands’ notice account competes
Wyelands’ notice account competes

Wyelands Bank has increased selected rates by up to 0.41%. The standout change took place in its not... More

Secure Trust Bank dominates notice chart
Secure Trust Bank dominates notice chart

Secure Trust Bank has increased the rates on its 90- and 120-day notice accounts by 0.02%. This is e... More

Zenith improves two-year bond rate
Zenith improves two-year bond rate

Zenith Bank (UK) Ltd has raised the rate on its two-year fixed rate bond by 0.12%, as a result of wh... More

Tesco’s easy access saver improved
Tesco’s easy access saver improved

Tesco Bank has increased several rates, including the one on its easy access account, which sees it ... More

Masthaven’s bonds move upwards
Masthaven’s bonds move upwards

Masthaven Bank has increased the rates on several of its fixed rate bonds by up to 0.36%. As a resul... More

Close