Kids' Regular Saver.

A monthly savings account to save for children 15 or under

After 12 months any money you’ve saved plus interest transfers into your nominated account, if you have one. If you don’t, we’ll open the below account for you as part of this application.

Please read the summary box below before applying

At a glance

Interest rate

Features and benefits

Bear in mind

Withdrawals

Access

4.00% gross/AER fixed for 12 months from account opening

  • You can save from £10 to £100 a month by standing order (this must reach your account by the 25th of the month)
  • To open and manage an account in trust for a child you must be 18 or over and resident in the UK. The child must be 15 or under
  • Only one Kids’ Regular Saver account can be held for any one child
  • If you wish to apply online for more than one children’s account, please allow up to 3 working days between each application.
  • You can apply for this account in branch or online. You can manage this account in branch and not online
  • After 12 months any money you’ve saved plus interest transfers into your nominated account, opened at the same time as this one
  • No withdrawals.
  • Branch

4.00% gross/AER fixed for 12 months from account opening


Features and benefits

  • You can save from £10 to £100 a month by standing order (this must reach your account by the 25th of the month)

Bear in mind

  • To open and manage an account in trust for a child you must be 18 or over and resident in the UK. The child must be 15 or under
  • Only one Kids’ Regular Saver account can be held for any one child
  • If you wish to apply online for more than one children’s account, please allow up to 3 working days between each application.
  • You can apply for this account in branch or online. You can manage this account in branch and not online
  • After 12 months any money you’ve saved plus interest transfers into your nominated account, opened at the same time as this one

Withdrawals

  • No withdrawals.

Access

  • Branch

Summary box for Kids' Regular Saver

1. What is the interest rate?

It’s a fixed rate, as shown in the table below

Your balance
Annual interest
Gross AER
£1+ 4.00% 4.00%
  • Your interest is paid annually on the anniversary of the account opening.

2. Can Halifax change the interest rate?

No.
This account has a fixed rate of interest so the rate won’t change during the term.


3. What might the future balance be?

Below is an example of what the future balance might be, after interest has been paid:

Regular deposit Gross rate Balance at 12 months
£100.00 4.00% £1224.00

This example assumes that:

  • You don’t withdraw any money and interest isn’t paid out of the account
  • You make regular monthly deposits in the middle of the month

4. How do I open and manage my account?

You can apply for this account in branch or online. You can manage this account in branch.

Opening this account

  • To open and manage an account in trust for a child you must be 18 or over, resident in the UK
  • If opening an account online, you must be living at the same address as the child. If you don’t, you can apply in branch.
  • If opening an account online, you’ll also open a Young Saver at the same time if you don’t already have a nominated account. Any money you’ve saved plus interest will be paid into this at the end of the term. If you open this account in branch, you can nominate a suitable existing account, if you have one.

Managing this account

  • You can save from £10 to £100 a month by standing order (this must reach your account by the 25th of the month).
  • Only one Kids’ Regular Saver account can be held for any one child.
  • The Kids’ Regular Saver account can only be managed in branch and can’t be viewed or accessed online
  • If you wish to apply online for more than one children’s account, please allow up to 3 working days between each application.
  • If you close the account early, you won’t be able to open another one before the first anniversary of opening the first account.

5. Can I withdraw money?

No.
No withdrawals are allowed unless you’re closing the account.

After 12 months any money you’ve saved plus interest transfers into your nominated account, if you have one. If you don’t, we’ll open one for you as part of this application.


6. Additional information

Gross rate means we won’t deduct tax automatically from the interest we pay on money in your account. It’s your responsibility to pay any tax you may owe to HM Revenue & Customs (HMRC).

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will include an AER, it makes it easier for you to compare what return you can expect from your savings over time.


After 12 months any money you've saved plus interest transfers into your nominated account, if you have one. If you don’t, we’ll open the below account for you as part of this application.

Summary box for Young Saver

1. What is the interest rate?

It’s a variable rate, as shown in the table below

Your balance
Interest
Gross/AER
£1 - £20,000 2.00%
Any excess above £20,000 0.25%
  • Your interest is paid annually on the anniversary of the account opening.

2. Can Halifax change the interest rate?

Yes.
As this account pays a variable rate of interest the rate can change over time. For example we might review the interest rate if the Bank of England bank rate changes. We’ll always let you know of any planned changes to the rate. Our account conditions explain when and how we do this.


3. What might the future balance be?

Below is an example of what the future balance might be, after interest has been paid:

Initial deposit Gross rate Balance after 12 months
£1000.00 2.00% £1020.00
£21000.00

£1 - £20,000

2.00%

Anything over £20,000

0.25%

£21402.50

This example assumes that:

  • You don’t withdraw any money and interest isn’t paid out of the account
  • The interest rate stays the same
  • You don't make any further deposits

If you have more than £20,000 in your account, you’ll get two different interest rates on your balance: the higher rate applies to everything under £20,000 and the lower rate to everything over £20,000.


4. How do I open and manage my account?

This account can be opened in branch or online. It can only be managed in branch and not online.

Opening this account

  • To open and manage an account in trust for a child you must be 18 or over, resident in the UK. The child must be 15 or under.
  • If opening an account online, you must be living at the same address as the child. If you don’t, you can apply in branch.
  • The minimum opening deposit is £1
  • Only one Young Saver account can be held for any one child.
  • If the child is over seven, a cash card can be requested in branch.

5. Can I withdraw money?

Yes.
You can make unlimited withdrawals in branch at any time but we’ll ask to see photo identification the first time you ask to withdraw money from the account.


6. Additional information

Gross rate means we won’t deduct tax from the interest we pay on money in your account. It’s your responsibility to pay any tax you may owe to HM Revenue & Customs (HMRC).

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will include an AER, it makes it easier for you to compare what return you can expect from your savings over time.


Open a Kids’ Regular Saver.

Open online now

Or apply at your nearest branch.

To apply in branch, you’ll need proof of your own identification as well as the child’s.



Open a Kids' Regular Saver.

Open online now

Or apply at your nearest branch


Please note:
To apply online, you must live at the same address as the child you are opening the account for and have proof of their identification (e.g. birth certificate or passport) to upload.

If you wish to apply online for more than one children’s account, please allow up to 3 working days between each application.

To apply in branch, you’ll need proof of your own identification as well as the child’s.


Your money is protected by the FSCS

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Please note:

To apply online, you must live at the same address  as the child you are opening the account for and have proof of their identification (e.g. birth certificate or passport) to upload.

To apply in branch, you'll need proof of your own identification as well as the child's.


Interest rates subject to change.

We recommend you read the account conditions (PDF) carefully as they form a legal contract with us. If there is anything you do not understand, please contact us before you agree to them (as part of the application).

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