Children's savings accounts Best Rate accounts

The table below shows the best children's savings accounts currently available. If your child is eligible, check out our guide on Junior Cash Isas for more information.

ProviderAER £10+ AER helpFree giftMax ageAccess Access helpCustomer score Customer score helpFind out more
       
Halifax
Young Saver
3.00%No15 years old
  • Branch
48%Visit site
Skipton BS
Leap Issue 2

2.75%Yes17 years old
  • Branch
  • Postal
n/aVisit site
Mansfield BS
Young Saver

2.50%Yes17 years old
  • Branch
  • Postal
n/aVisit site
Chelsea BS
Ready Steady Save
2.00%No15 years old
  • Branch
n/aVisit site
Charity Bank
Small Steps Account

2.00%No16 years old
  • Branch
  • Telephone
n/aVisit site
Beverley BS
Young Saver

Beverley Building Society
2.00%No17 years old
  • Branch
  • Telephone
n/aVisit site
Stafford Railway BS
First Track
2.00%No18 years old
  • Branch
  • Postal
n/aVisit site
Virgin Money
Young Saver

2.00%No15 years old
  • Branch
  • Postal
57%Visit site
Yorkshire BS
One Day

1.75%No20 years old
  • Branch
  • Postal
67%Visit site

Help

AER

AER is annual equivalent rate and shows how much interest you'll receive in one year.

Back to AER in money table

Access

Key:

  • Branch
  • Internet
  • Postal
  • Telephone

Back to access in money table

Customer score

Which? score based on customer satisfaction and likelihood of recommending company to friend/family member.

Back to customer score in money table

Wherever we display an “APPLY NOW” button in the above table, that company pays us a small fee each time someone clicks on the button. These payments do not influence whether a product is in the table, where it appears, or whether it continues to do so. Our Best Rates tables are compiled by our independent researchers. All revenue raised from these tables is reinvested in our research and campaigning work on behalf of all UK consumers.

How we choose Best Rate savings accounts for children

We've searched the whole market to find these Best Rate children's savings accounts.

Some accounts are available for certain age groups only, so check the table carefully to make sure your child would be eligible. Some accounts offer a free gift when you take out the account.

All the accounts are easy-access, so there's no notice period or penalties for withdrawals, and most children won't have to pay tax on their savings as they have their own personal allowance.

  • Providers must be fully covered by the Financial Services Compensation Scheme (FSCS)
  • There must be no restrictions on withdrawals from instant access accounts
  • The accounts are available up to a maximum age limit, and this varies from account to account. Some also have a minimum age and we tell you if this is the case.
  • All of our Best Rate accounts are standalone (not tied to the purchase of another product and not available via third-party organisations or comparison sites) and available nationally, but it's worth checking the rates paid by smaller building societies in your area to see if they can do a little better
  • Accounts are available at a branch, by post, phone or internet and all displayed show the annual effective rate (AER) before tax. With most, you have to wait a few days to get at your savings – until either the cheque arrives or the money has been transferred to another account. However, if you need instant access to your money, choose an account with a cashcard

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