Children's Savings Account

Putting away spare cash in a child saving account from an early age can get your little ones off to a great start in life. So why not open our Children’s Saving Account and kick-start their finances for the future?

With a Children's Savings Account any adult can save for the benefit of children aged up to 18. You look after their savings - so they're not tempted to spend the lot in one go. You might even want to save as a surprise for when they’re older.

What you get:
	Open with just £1.
	A child's savings account with instant access.
	Tiered interest rates so the more that's saved, the more interest is earned. Find out our current interest rate.
	Children's Savings Account Summary box

Important information
If, as a parent, you give your child a gift of money that produces more than £100 of gross interest per year, the income will normally be taxed as yours.

Most children don't pay tax on savings interest. If this is the case for you, ask for the Revenue & Customs R85 form† to complete when the account is opened or take one with you. Once we get a completed form, we'll pay interest without deducting tax. You can also get a form when you open the account at your local branch.

†To view Adobe® Acrobat® (PDF) files you will need Adobe® Acrobat®, available from Adobe Systems Incorporated. Adobe® and Acrobat® are the registered trade marks of Adobe Systems Incorporated in the United States and/or other countries.

For more information on accessibility please see access.adobe.com.