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Saving for your child’s future
Whether they’re toddlers, teens or somewhere in between, we can help you start saving for your children’s future.
The benefits of saving
Saving for a child today is a great gift for their future. Kickstart their adult lives with some savings. Get your kids involved early and help them learn important lessons about money.
- It can encourage good money habits.
- Help children to learn the value of money.
- Earn interest, which can grow over time – even on small sums.
- Build a safe financial future.
Children’s savings options
Encourage your children to save early to create good money habits. They’ll thank you when they’re older. Saving accounts can earn interest, even on small savings. It’ll be a nice surprise when they want to buy their first car or put a deposit down for a flat.
Kids’ Monthly Saver
For adults who want to save regularly for a child aged 15 and under.
Kids’ Saver account
Put away for a little one's future in a Kids' Saver account.
Junior Cash ISA
An ISA for anyone aged under 18.
Investing for your child’s future
We all want to set up our children for a safe future. One way is to plan now and invest some money.
Other ways to save for your child
Child Trust Fund
Children born between 2002 and 2011 might have a Child Trust Fund. These were replaced in 2010 by Junior ISAs. Existing accounts can still be paid into, or parents can transfer savings to Junior ISAs.
A parent or guardian will need to manage the account until the child is 18 years old. At 18, it can be cashed or transferred into an ‘adult’ ISA.
You can get more information from the government website.
*Information on this page is correct as of June 2024.
Premium Bonds
Premium Bonds are savings bonds, which you can buy for as little as £25. Issued by the UK government, they offer tax-free prizes instead of interest.
You can get Bonds for children under 16 if you are their parent, legal guardian or grandparent. The maximum you can hold is £50,000.
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