KIDS’ SAVINGS ACCOUNTS.

Encourage the little ones to save with a kids’ savings account. We’ve put together a list of useful articles and some of our most frequently asked questions around saving for a child.

Account name

Interest rate (AER)

Minimum opening balance

Interest type

Withdrawals

Interest paid

Kids' Monthly Saver

4.50%  gross/AER

£10 a month

Fixed

Closure only

Annually

Find out more

Kids' Saver

2.00%
AER/1.98% gross on balances from £1 - £5,000

0.20%
AER/0.20% gross on any excess above £5,000

£1

Variable

Unlimited

Monthly

Find out more

Junior Cash ISA

3.00% tax free/AER

£1

Variable

None, until the child is 18

Annually

Find out more


Interest rate (AER)

4.50%  gross/AER

Minimum opening balance

£10 a month

Interest type

Fixed

Withdrawals

Closure only

Interest paid

Annually


Interest rate (AER)

2.00%
AER/1.98% gross on balances from £1 - £5,000

0.20%
AER/0.20% gross on any excess above £5,000

Minimum opening balance

£1

Interest type

Variable

Withdrawals

Unlimited

Interest paid

Monthly


Interest rate (AER)

3.00% tax free/AER

Minimum opening balance

£1

Interest type

Variable

Withdrawals

None, until the child is 18

Interest paid

Annually


Teen money vlogs

 Getting to grips with the world of money? Or a parent looking to teach the kids about the importance of saving?

A group of YouTube stars have created some vlogs to share their life hacks, tips and tricks around all things money.

Frequently asked questions 

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

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

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