Children's Savings Accounts
Give your little ones the best start in life.
Whether you’re putting money away for their first car, university, or just for a rainy day - our children’s savings accounts help you look after their future.
| Interest Rate | Withdrawals | Deposits | Managing the Account | |
| Junior Cash ISA | 4.15% AER/Tax-free | No, not until the child turns 18 | Subject to Junior ISA annual limits | Managed by an adult |
| Young Saver Account | 3.90% AER/Gross | Yes, you can withdraw funds at any time | Up to a balance of £25,000 | Option to be managed by the child once they turn 14 |
Further information and T&Cs for each of our Children's Accounts can be found by clicking the account name in the table above
Guide To Children's Accounts
Our Junior Cash ISA is designed to keep money saved until the child turns 18, so you can't make withdrawals.
Our Young Savers Account is designed for young people to use the money from their savings throughout their childhood and teenage years, up to the age of 18. The account is therefore instant access and lets you make withdrawals whenever you want.
The Junior Cash ISA is subject to Junior ISA annual limits. This means you can deposit a maximum of £9,000 in the current tax year.
Our Young Savers Account allows you to save up to a balance of £25,000, with no annual restrictions.
Our Junior Cash ISA has to be managed by an adult, whereas our Young Savers Account has the option to be managed by the child once they turn 14.
Both accounts can be managed at your convenience through the following methods:
- In Branch
- By Post
- Via our 'My Accounts' online banking service*
*Please note that this option is only available if the person managing the account is aged 16 or over.
The interest rate on our Junior Cash ISA is currently 4.15% AER/Tax-free.
The interest rate on our Young Savers Account is currently 3.90% AER/Gross.
Both these rates are variable and can go up and/or down.
The information above is a brief overview of some of the most asked about features of our accounts.
To carry out a full comparison you should read the Key Product Information and Terms and Conditions of each account. This information is available on the webpages for each account:
