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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% | ||||||||||||
| More info 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% | ||||||||||||
| More info Interest paid on balances from £300 to £2,000 only | |||||||||||||||||||
| TSB Under 19s Account | 11 to 15 | 2.5% | Yes | Yes | Yes | No | 71% | ||||||||||||
| More info 0.1% paid on balances above £2,500. | |||||||||||||||||||
| Bank of Scotland Under 19s Account | 11 to 15 | 1.5% | Yes | Yes | Yes | No | 64% | ||||||||||||
| More info No interest is paid on any amount over £2,500 | |||||||||||||||||||
| Halifax Expresscash | 11 to 17 | 1.5% | Yes | Yes | Yes | No | 64% | ||||||||||||
| More info 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% | ||||||||||||
| More info No interest is paid on any amount over £2,500 | |||||||||||||||||||
| NatWest Adapt | 11 to 18 | 1% | No | No | Yes | No | 63% | ||||||||||||
| More info Discounts at top retailers and discounted railcard | |||||||||||||||||||
| Royal Bank of Scotland Revolve | 11 to 18 | 0.55% | No | No | Yes | No | 57% | ||||||||||||
| More info 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% | ||||||||||||
| More info 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 | 0.5% - 1% | See | Yes | Yes | No | 43% | ||||||||||||
| More info 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% | ||||||||||||
| More info 0.1% paid on balances above £2,500. | |||||||||||||||||||
| Bank of Scotland Under 19s Account | 16 to 18 | 1.5% | Yes | Yes | Yes | Yes | 87% | ||||||||||||
| More info 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% | ||||||||||||
| More info 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 B Current | 16 to 17 | 0.5% | Yes | Yes | Yes | Yes | 51% | ||||||||||||
| More info Must open a B Instant Savings Account at the same time as the current account. No interest is paid on any amount over £2,000. | |||||||||||||||||||
| Yorkshire Bank B Current | 16 to 17 | 0.5% | Yes | Yes | Yes | Yes | 51% | ||||||||||||
| More info Must open a B Instant Savings Account at the same time as the current account. No interest is paid on any amount over £2,000. | |||||||||||||||||||
| Clydesdale Bank Current Account Plus | 16 to 17 | 0% | Yes | Yes | Yes | Yes | 44% | ||||||||||||
| Yorkshire Bank Current Account Plus | 16 to 17 | 0% | Yes | Yes | Yes | Yes | 44% | ||||||||||||
| Barclays Young Persons Account | 16 to 19 | 0% | Yes | Yes | Yes | Yes | 44% | ||||||||||||
Table notes: Rates correct at March 2018
