All our Young Savers accounts are ideal for children and teens, up to age 18. Finding the best fit for your child depends on your savings plan and whether you’ll need easy access to the account. For example, if you’re looking to open a kid’s savings account where the savings can’t be accessed until the child turns 18, then a Junior ISA could be the one.

However, if you’d like a child saver account that your little one can help manage, and be rewarded for their savings habits, then a Pocket Money Saver could be a great fit.

Finally, our Young Savers account is an excellent teen savings account, as it allows easy access to the savings whilst also earning interest on any money saved.

You can compare all our savings accounts for young people above, or alternatively use our savings account finder to find the most suitable account for you.

Yes! You can open a savings account for a baby, or toddler, and keep putting money into the account until the child reaches 18.

Yes a grandparent can open a savings account for their grandchild in the child’s name. They will need to provide documentation for the child, such as a birth certificate.

Just like adults, children are liable to pay tax on their savings. However, as they aren’t working, they’re unlikely to go over the threshold, therefore, making them exempt from tax.

Please ensure that you’ve read all of the information before opening an account, or speak to a member of our team on 0800 834 312 if you’re unsure. Alternatively, our Savings Account Finder can help you find the right option for your child.

If you’re specifically looking for a tax-free children’s account, then consider opening a Junior ISA.