Children's Savings
Provider | Rate | Min/Max Deposit | Opening Account | Accessing Account | Interest Options | SG Verdict |
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4.25% | £1 / £5,000 | Branch | Branch |
| This account is available for children aged up to 18 years old. An adult must operate the account for children under the age of 7 and at 18 the account will automatically transfer in to a standard instant access account. Bath is one of the smallest building societies in the UK, looking after £225m of deposits. |
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3.10% | £100 / £50,000 | Branch | Branch |
| This account is available to anyone up to age 16. The account can be operated by the child alone if over 7 but under 7 must be operated by an adult. 100 day’s notice is required for access although immediate access can be granted with 100 days penalty interest |
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2.35% | £1 / £25,000 | Branch | Branch |
| This account is available for children aged up to 16 years old. Children under 7 must have their account operated for them by an adult. Chorley was founded in 1859 and is one of the smallest building societies in the UK, looking after £235m of savings |
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5.50% | £10 / £100 per month | Branch | Branch |
| This has consistently been the best rate on a Children’s account since 2017. Halifax is part of Lloyds Banking Group, the largest savings provider in the UK |
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2.70% | £1 / £5,000 | Branch | Branch |
| Halifax is part of Lloyds Banking Group, the largest savings provider in the UK |
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5.00% | £10 / no maximum | Branch | Branch |
| Very competitive rate for children. Does require a branch visit to set up but after that, a debit card is provided as well as the ability to manage online, in branch and via HSBC’s mobile app. |
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4.20% | £10 / £25,000 | Branch | Branch |
| Kent Reliance are part of One Savings Group and operate 9 branches in Kent and the South East |
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3.30% (30 Day Notice) | £5 / £5,000 | Branch | Branch |
| This account is only for UK resident individuals aged between birth and 16 years of age living in Leicestershire, Nottinghamshire, Lincolnshire or Rutland or to customers who have been members with the Society for 5 years or more. |
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5.05% | £5 / £100 per month | Branch | Branch |
| Excellent rate from Essex based Saffron. Children can be up to 15 years old but an adult signatory is required for children under 13. |