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Best children's bank accounts

By Chiara Cavaglieri

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Best children's bank accounts

Children can open a current account from as young as age 11. We've rated the best bank accounts for kids and teens in this table. 

Best bank accounts for children and teenagers 

Which? Money experts have calculated the product score of each bank 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 11 and minimum age 16. Make sure to take a look at our reviews of children's savings accounts as well.

Provider Age bands (years) Credit interest rate Direct debits and standing orders Cash card Debit card Cheque book Product score
Minimum age 11 years
Nationwide BS  FlexOne 11 to 17 1% Yes Yes Yes No 80%
FlexOne holders can open a FlexOne regular saver paying 3.50% on regular deposits of £1-£100 per month up to age 23
Santander  123 Mini Current 11 to 18 3% Yes Yes Yes No 78%
Interest paid on balances from £300 to £2,000 only
TSB Under 19s Account 11 to 15 2.5% Yes Yes Yes No 71%
0.1% paid on balances above £2,500.
Bank of Scotland Under 19s Account 11 to 15 1.5% Yes Yes Yes No 64%
No interest is paid on any amount over £2,500
Halifax Expresscash 11 to 17 1.5% Yes Yes Yes No 64%
No interest is paid on any amount over £2,500
Lloyds Bank Under 19s Account 11 to 15 1.5% Yes Yes Yes No 64%
No interest is paid on any amount over £2,500
NatWest Adapt 11 to 18 1% No No Yes No 63%
Discounts at top retailers and discounted railcard
Royal Bank of Scotland Revolve 11 to 18 0.55% No No Yes No 57%
Discounts at top retailers and discounted railcard
Danske Bank Discovery 11 to 17 0% Yes Yes Yes No 44%
HSBC  MyAccount 11 to 17 0% Yes Yes Yes Yes 44%
As part of a package with MySavings which can be opened by a child from the age of 7. On request from age 16
Barclays BarclaysPlus 11 to 15 0.25 - 0.75% See Yes Yes No 43%
Tied to another product with Barclays. Direct debits and standing orders into account only
Ulster Bank (NI) Adapt 11 to 18 0% No No Yes No 28%
Minimum age 16 up to 19 years
TSB Under 19s Account 16 to 18 2.5% Yes Yes Yes Yes 93%
0.1% paid on balances above £2,500.
Bank of Scotland Under 19s Account 16 to 18 1.5% Yes Yes Yes Yes 87%
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. No interest is paid on any amount over £2,500.
Lloyds Bank Under 19s Account 16 to 18 1.5% Yes Yes Yes Yes 87%
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. No interest is paid on any amount over £2,500.
Clydesdale Bank Current Account Plus 16 to 17 0% Yes Yes Yes Yes 50%
Yorkshire Bank Current Account Plus 16 to 17 0% Yes Yes Yes Yes 50%
Barclays  Young Persons Account 16 to 19 0% Yes Yes Yes Yes 44%
Table notes: Rates correct at March 2017
  • Last updated: March 2017
  • Updated by: Chiara Cavaglieri
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