Youth and student accounts

Compare our full range of kids', teen and student accounts. Let's get started.

Benefits of a current account

  • Freedom for kids to manage their own money.
  • Great for everyday spending.
  • They often come with a debit card that can be used in shops, online and at cash machines.

Benefits of a savings account

  • Parents and grandparents can save in trust for a child.
  • Teaches kids about saving and earning interest.
  • Gives them a place to save spare pocket money.

Compare our kids', youth and student accounts

  • youth and student current accounts

    Account name

    What you get

    Who it's for

    Features and benefits

    Withdrawals

    More information

    Account name

    What you get

    Current account

    Who it's for

    For full-time students aged 18 or over.

    Features and benefits

    • Contactless Visa debit card.
    • Up to £1,500 interest-free arranged overdraft.
    • Earn up to 15% cashback with Cashback Extras.

    Withdrawals

    Unlimited

    More information

    Account name

    What you get

    Current account and savings account

    Who it's for

    For 11 to 15 year olds who want to spend, save and learn with parental oversight.

    Features and benefits

    • Contactless Visa debit card.
    • Parent or legal guardian has full visibility of account activity.
    • Interest is earned on savings account only. Earn 3.40% AER/3.35% gross variable interest on balances of £1 to £1,000. Earn 1.45% AER/1.44% gross variable interest on any money above £1,000.

    Withdrawals

    Unlimited

    More information

    The parent or legal guardian needs a Reward Current Account or Ultimate Reward Current Account to open this account.

    Money Smart

    Account name

    What you get

    Current account

    Who it's for

    For 11 to 17 year olds who want to manage their own money.

    Features and benefits

    • Contactless Visa debit card.
    • Starter account for young adults to manage themselves.
    • For accounts opened before 23 August 2021 - Earn interest on your account of 0.50% AER (0.50% gross p.a.) variable on balances between £1 and £2,499.99. We do not pay interest on amounts of £2,500 or more.
    • For accounts opened on or after 23 August 2021 - Earn interest on your account of 0.50% AER (0.50% gross p.a.) variable on balances between £1 and £999.99. We do not pay interest on amounts of £1,000 or more.

     

    Withdrawals

    Unlimited

    More information

  • youth and student current accounts

    Account name

    What you get

    Who it's for

    Features and benefits

    Withdrawals

    More information

    Account name

    What you get

    Current account and savings account

    Who it's for

    For 11 to 15 year olds who want to spend, save and learn with parental oversight.

    Features and benefits

    • Contactless Visa debit card.
    • Parent or legal guardian has full visibility of account activity.
    • Interest earned on savings account only. Earn 3.40% AER/3.35% gross variable interest on balances of £1 to £1,000. Earn 1.45% AER/1.44% gross variable interest on any money above £1,000.

    Withdrawals

    Unlimited

    More information

    The parent or legal guardian needs a Reward Current Account or Ultimate Reward Current Account to open this account.

    Money Smart

    Account name

    What you get

    Savings account

    Who it's for

    For adults who want to regularly save for a child aged 15 and under.

    Features and benefits

    • Save in trust for a child.
    • Save between £10 and £100 a month.
    • Earn 5.50% AER/gross fixed interest for the 12-month term.

     

     

    Withdrawals

    None, by closure only

    More information

    Account name

    What you get

    Savings account

    Who it's for

    For adults who want to save for a child aged 15 and under.

    Features and benefits

    • Save in trust for a child.
    • Open with just £1.
    • Earn 3.40% AER/ 3.35% gross variable interest on balances of £1 to £5,000. Earn 1.45% AER/1.44% gross variable interest on any money above £5,000.

    Withdrawals

    Unlimited

    More information

    Account name

    What you get

    Cash ISA

    Who it's for

    For under 18s who want to save for the future.

    Features and benefits

    • Long-term, tax-free savings account.
    • Open with just £1.
    • Earn 3.65% AER/tax-free variable interest.

    Withdrawals

    None, until the child is 18

    More information

youth and student current accounts

Account name

What you get

Who it's for

Features and benefits

Withdrawals

More information

Account name

What you get

Current account

Who it's for

For full-time students aged 18 or over.

Features and benefits

  • Contactless Visa debit card.
  • Up to £1,500 interest-free arranged overdraft.
  • Earn up to 15% cashback with Cashback Extras.

Withdrawals

Unlimited

More information

Account name

What you get

Current account and savings account

Who it's for

For 11 to 15 year olds who want to spend, save and learn with parental oversight.

Features and benefits

  • Contactless Visa debit card.
  • Parent or legal guardian has full visibility of account activity.
  • Interest is earned on savings account only. Earn 3.40% AER/3.35% gross variable interest on balances of £1 to £1,000. Earn 1.45% AER/1.44% gross variable interest on any money above £1,000.

Withdrawals

Unlimited

More information

The parent or legal guardian needs a Reward Current Account or Ultimate Reward Current Account to open this account.

Money Smart

Account name

What you get

Current account

Who it's for

For 11 to 17 year olds who want to manage their own money.

Features and benefits

  • Contactless Visa debit card.
  • Starter account for young adults to manage themselves.
  • Earn interest on your account of 0.50% AER (0.50% gross p.a.) variable on balances between £1 and £999.99. We do not pay interest on amounts of £1,000 or more.

 

Withdrawals

Unlimited

More information

Account name

What you get

Savings account

Who it's for

For adults who want to regularly save for a child aged 15 and under.

Features and benefits

  • Save in trust for a child for one year.
  • Save between £10 and £100 a month.
  • Earn 5.50% AER/gross fixed interest for the 12-month term.

 

 

Withdrawals

None, by closure only

More information

Account name

What you get

Savings account

Who it's for

For adults who want to save for a child aged 15 and under.

Features and benefits

  • Save in trust for a child.
  • Open with just £1.
  • Earn 3.40% AER/ 3.35% gross variable interest on balances of £1 to £5,000. Earn 1.45% AER/1.44% gross variable interest on any money above £5,000.

Withdrawals

Unlimited

More information

Account name

What you get

Cash ISA

Who it's for

For under 18s who want to save for the future.

Features and benefits

  • Long-term, tax-free savings account.
  • Open with just £1.
  • Earn 3.65% AER/tax-free variable interest.

Withdrawals

None, until the child is 18

More information

Frequently asked questions
 

  • For most of our youth accounts, you can apply online or in branch. Find your nearest branch.

  • The documents you need will depend on the type of account you want to open.

    For most of our children's savings and bank accounts, we will need to see a valid ID document for the child and parent or legal guardian. Documents we may need to see: 

    • The child's full birth certificate. The full birth certificate will contain both the child's and parent's details. The short version of the birth certificate can't be used to open an account. 
    • Or, the child's UK or EU passport.
    • Proof of the parent/legal guardian's identity and address such as a utility bill dated in the last six months.

    You can find out what documents you need on each account's page.

  • No. Your parent or legal guardian doesn't need to bank with us to open an account. The exception to this is Money Smart. Money Smart can only be opened if the parent or legal guardian has an existing Ultimate Reward Current Account or a Reward Current Account.

  • Grandparents can give away £3,000 completely free of inheritance tax in any one tax year. If you don’t gift the full £3,000 allowance in one tax year, you can carry over any leftover allowance to the next tax year - up to a maximum of £6,000.

    You can make small gifts of up to £250 to as many people as you like, but you can’t give any one person over £250 in a tax year. This means you can’t give someone more than one gift of £250 or combine the £250 with another allowance. For example, gifting someone your £3,000 annual allowance plus a smaller gift of £250 isn’t allowed.

Tax treatment depends on individual circumstances and may change in the future.

For a definition of AER, gross and other terms, view our savings glossary.

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