Bank accounts: Children's bank accounts

Young boy putting coins into piggy bank

Most banks will allow children aged 11+ to open an account

The table shows the range of children's bank accounts offered by banks and building societies in the UK. 

A score has been applied to each account based on the features we think are most important, including credit interest (weighted on tiered balances up to £2,500), debit or cash card available,option to set-up standing orders/direct debits and incentives. 

The table is split into two categories - minimum age 7 to 11 and minimum age 16+. Make sure to take a look at our reviews of children's savings accounts as well.

Find out more: - nine ways to build a nest egg

Children's bank accounts
ProviderAge bands (years)Credit interest rateDirect debits and standing ordersCash cardDebit cardCheque bookProduct score
Minimum age 11 years
Nationwide BS  FlexOne [a]11 to 171.00YesYesYesNo80%
Santander  123 Mini Current11 to 183.00 [b]YesYesYesNo78%
Bank of Scotland Under 19s Account11 to 152.50 [c]YesYesYesNo71%
Lloyds Bank Under 19s Account11 to 152.50 [c]YesYesYesNo71%
TSB Under 19s Account11 to 152.50 [c]YesYesYesNo71%
NatWest Adapt [d]11 to 181.00NoNoYesNo63%
Royal Bank of Scotland Revolve [d]11 to 180.55NoNoYesNo57%
Danske Bank Discovery11 to 170.00YesYesYesNo44%
HSBC  MyAccount [e]11 to 170.00YesYesYesYes [f]44%
Barclays BarclaysPlus [g]11 to 150.25 - 0.75See [h]YesYesNo43%
Ulster Bank (NI) Adapt11 to 180.00NoNoYesNo28%
Minimum age 16 up to 19 years
Bank of Scotland Under 19s Account [i]16 to 182.50 [c]YesYesYesYes93%
Lloyds Bank Under 19s Account [i]16 to 182.50 [c]YesYesYesYes93%
TSB Under 19s Account [i]16 to 182.50 [c]YesYesYesYes93%
Halifax Cardcash16 to 171.51YesYesYesNo64%
Clydesdale Bank Current Account Plus16 to 170.00YesYesYesYes50%
Yorkshire Bank Current Account Plus16 to 170.00YesYesYesYes50%
Barclays  Young Persons Account16 to 190.00YesYesYesYes44%

Table notes - Rates correct at March 2016

a Get 25% off at Vue Cinemas. 12-months cinema reward for You + One

b No interest is paid on any amount over £2,000

c 0.1% paid on portion of balance above £2,500

d Discounts at top retailers and discounted railcard

e As part of a package with MySavings which can be opened by a child from the age of 7

f On request from age 16

g Tied to another product with Barclays

h Direct debits and standing orders into account only

i For over 17s - Save £36 on AA driving lessons and receive a free ‘Pass Your Test’ CD-ROM worth £19.99. After passing your test save a further £20 off Pass Plus

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Last updated:

February 2016

Updated by:

Jo Langenhan


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