Savings Champion

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Children's Regular Saver	Kids' Monthly Saver	Young Saver	2 Year Children's Bond	MySavings

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AER What's This? This stands for Annual Equivalent Rate and is supposed to help you to compare different savings accounts.
5.80%	5.50%	5.25%	5.25%	5.00%
Gross Interest Rate What's This? This is the initial rate paid, before any tax is deducted. The gross rate will include any bonus that applies at that moment, so it is important to also check the AER.
5.80%	5.50%	5.25%	5.25%	4.89%
Minimum age to open
0	0	7	0	7
Maximum age to open
15	15	18	16	17
Minimum opening balance
£5	£10	£1	£500	£1
How to manage the account
Branch, Post	Branch	Branch, Cash Card, Post, Telephone	Branch, Telephone	Branch, Telephone
How to apply
Branch, Post	Branch, Online	Branch, Post	Branch	Branch
Account summary
Easy access. Interest paid on 31 December and on maturity. On maturity, account transferred to the Maturity Easy Access account. The maximum monthly deposit amount is £100, if you pay the maximum monthly deposit every month, you would end up with a maximum balance of £1,200 at maturity.	You can save from £10 to £100 a month by standing order. Withdrawals within the 12 month term are not allowed unless you’re closing the account. After the first 12 months, the account reverts to the Kids' Saver account, currently paying 2.25% gross/AER up to £5,000 and 0.70% gross/AER on balances above this. Interest is paid annually.	Easy access. Interest is variable and is paid monthly at the end of each calendar month. It can only be added to the account. The minimum balance is £1. However, there is no minimum monthly deposit and no penalty for missing a deposit. The maximum monthly deposit is £200 (with a maximum total balance of £5,000). Customers can make multiple deposits each ‘deposit month’ up to the £200 maximum.	No access within the 2 year term. Interest is paid gross into your account/to another bank or building society on the anniversary, 16th Birthday and on the day of maturity.	Easy access. 1.50% AER paid on balances above £3,000. Interest paid monthly.
Financial Services Compensation Scheme What's This? The Financial Services Compensation Scheme currently protects you up to £85,000 per person, per banking licence (Please note many providers share banking licences). Discover more in our FSCS Licence Information Guide If you want to ensure your savings are fully protected now and in the future, whilst getting the best rates of interest, our Cash Advice Service can help you. Request a free, no obligation conversation to find out more.
Own Licence	Shared Licence	Own Licence	Own Licence	Shared Licence

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Children's Savings Accounts

AER What's This?

Gross Interest Rate What's This?

Minimum age to open

Maximum age to open

Minimum opening balance

How to manage the account

How to apply

Account summary

Financial Services Compensation Scheme What's This?

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