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

Minimum opening balance

How long the account stays open for

Withdrawals

Find more information

Kids' Monthly Saver

4.50%
gross/AER fixed.

Interest will be paid after each year.

£10 to £100 a month

 1 year. Then the savings and the interest will be moved into the child's Kid's Saver account.

None, by closure only.

Kids' Monthly Saver

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.

Interest is variable and is paid after each month.

£1

Until the child's 16th birthday. Then the account will change to an adult Everyday Saver.

Unlimited.

Kid's Saver

Junior Cash  ISA

3.00%
tax free/AER variable.

Interest is paid after each year.

£1

Until the child's 18th birthday. Then the account will change to an adult ISA Saver Variable.

None, until the child is 18.

Junior Cash ISA


Interest

4.50%
gross/AER fixed.

Interest will be paid after each year.

Minimum opening balance

£10 to £100 a month

How long the account stays open for

 1 year. Then the savings and the interest will be moved into the child's Kid's Saver account.

Withdrawals

None, by closure only.

Find more information


Interest

2.00%
AER/1.98% gross on balances from £1 - £5,000.
0.20%
AER/0.20% gross on any excess above £5,000.

Interest is variable and is paid after each month.

Minimum opening balance

£1

How long the account stays open for

Until the child's 16th birthday. Then the account will change to an adult Everyday Saver.

Withdrawals

Unlimited.

Find more information


Interest

3.00%
tax free/AER variable.

Interest is paid after each year.

Minimum opening balance

£1

How long the account stays open for

Until the child's 18th birthday. Then the account will change to an adult ISA Saver Variable.

Withdrawals

None, until the child is 18.

Find more information

Frequently asked questions 

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.

Your money is protected by the FSCS

FSCS Protected