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BANK RATE CHANGE
On 2 November 2017, the Bank of England announced that the Bank Base Rate would increase with immediate effective from 0.25% to 0.50%.

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Savings

Children's savings accounts

Help your child to learn about money

Our children's accounts have been designed to help you to teach your child how to save their own money. If you have existing Child Trust Fund savings, you can see how our rate compares with your current provider's.

Our Children's savings accounts

One Day Account

1.15%

gross

1.15%

AER
Interest rates are variable, paid biannually
  • Open to all young people under the age of 21
  • Save from ¬£10 upwards
  • Add to your savings whenever you can, with no limits on deposits
  • Make as many withdrawals as you want
  • Manage your account in any of our branches or agencies

Freedom Account

1.15%

gross

1.15%

AER
Interest rates are variable, paid biannually
  • Open to 12 to 20 year olds
  • Start saving with as little as £10
  • Get a LINK ATM cash card so they can get instant access 24/7
  • Choose to add monthly withdrawal restriction for under 18s

Need help with interest definitions?

If you are unclear what something means, our Savings glossary can help.

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Children's accounts not right for you?

Why not take a look at our other types of savings accounts.

Interest rates

Find and compare the rates of all our savings accounts, at a glance.

Help & support

Find out more about how to open accounts, make deposits and access your money.

Your questions answered

    Visit a branch or agency

    Enter a town, city or postcode to find your nearest branch.

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