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Savings for Children

However you want save for your children, there’s a children’s savings account to match.

We won YourMoney.com awards Best Junior Cash ISA provider 2023. This award looks at product quality, price competitiveness, and customer service.

Save for their future

With kids, there’s always something to save for - find an account that works for you

Tax-free savings

A Junior ISA offers a tax-free way of saving for your children

Maintain control

You’re in charge of their money until they’re old enough to manage it themselves

Children's savings accounts

Young Saver

For children under 16

  • Earn 3.20% / 3.25% Gross / AER
  • Maintain control over the account until the child turns 16
  • Instant access account

Junior Cash ISA

Saving for children under 18

  • Earn 3.65% Tax-free/AER variable
  • Converts to a Cash ISA Saver when the child turns 18
  • No withdrawals until your child turns 18

FAQs

A Junior Individual Savings Accounts (JISAs) are long-term, tax-free savings accounts for children under 18. For the 2023 to 2024 tax year, the savings limit for Junior ISAs is £9,000 Every year you can save up to the full Junior ISA allowance amount per child. As the parent or guardian, you’ll manage their money until the child turns 18.

The Junior ISA allowance can change each year, and for the 2023 to 2024 tax year, the savings limit for Junior ISAs is £9,000.


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Important Information

The Annual Equivalent Rate (AER) shows what the interest would be if the interest was paid and added to the account once each year. It lets you compare savings accounts easily. Gross rate means that credit interest is paid without income tax being deducted. Tax-free is the contractual rate of interest payable where interest is exempt from income tax.