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Children's savings accounts

Best children's savings accounts

By Chiara Cavaglieri

Article 2 of 3

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Best children's savings accounts

This guide will help you find the best rates for your children's savings with our unique table.

Children's savings accounts

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

Provider AER £10+ AER help Free gift Max age Access Customer score Customer score help
           

HSBC

My Savings

2.75% Yes 17 years old
  • Branch
  • Internet
  • Telephone
48%

Smart Limited Access

2.25% No 17 years old
  • Branch
  • Internet
61%

Bank of Scotland

Young Saver

2.00% No 15 years old
  • Branch
51%

 

Young Saver

2.00% No 15 years old
  • Branch
48%

 

Children's Saver Issue 2

1.75% Yes 17 years old
  • Branch
  • Postal
56%

Young Saver Issue 4

1.75% No 15 years old
  • Branch
  • Postal
52%

Peter Pan Children's Savings

1.60% Yes 17 years old
  • Branch
  • Postal
57%

Help

AER

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

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

How we choose Best Rate savings accounts for children

We've searched the whole market to find these Best Rate children's savings accounts. Providers must be fully covered by the Financial Services Compensation Scheme (FSCS)

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.

  • Last updated: March 2017
  • Updated by: Chiara Cavaglieri

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