Accounts for children

If you’d like to encourage positive savings habits that will stand your children in good stead in the years to come, then you (and them) should start right here.

Unfortunately, saving doesn't come quite as naturally as spending, especially around Christmas and birthdays. That's why we offer two great ways to save for, and with, the next generation. It's easy to get godparents, grandparents and friends involved, too - you could encourage them to match what your children save.

We also offer an investment option through Wealthify’s Junior Stocks & Shares ISA. Your child can have a Junior Cash ISA and a Junior Stocks & Shares ISA, so long as you only pay in up to the Junior ISA allowance across the two accounts.

Young Saver

  • Open an account with £1 or more.
  • Earn a variable rate of 0.34% Gross/ 0.35% AER from £1, and 0.01% Gross/AER (variable) on any funds over £20,000
  •  You must have a TSB current account to open a Young Saver Account on behalf of a child
  • Only one Young Saver Account can be opened for each child

Find out more

Junior Cash ISA

  • For children under the age of 18
  • Open from just £1
  • Once the child reaches 18, the account will mature into an adult ISA.
  • 1.50% tax free/AER variable

Withdrawals aren't permitted prior to maturity at age 18 (unless the child is diagnosed with a terminal illness and permission is given by HMRC to make withdrawals)

Find out more

Junior Stocks & Shares ISA

If you are looking to invest for the long term for your child and want stock market linked returns, you could invest in a Wealthify Junior Stock & Shares ISA.

  • For children under the age of 18
  • Open from just £1

As with all investments, your capital is at risk and you may get back less than you invest.

Find out more

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