Children's Savings

Barclays Children's Savings Review

A children's savings account from Barclays. It ranks 52nd of 73 children's savings accounts we track.

Variable rate

2.27%AER

Account type
Easy access
Minimum age
11
Maximum age
15
Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

No limit

Access

Instant

Interest paid

Monthly

Rate Tiers

£1 to £10,000

2.27%AER

Over £10,000

0.85%AER

How It Stacks Up

Ranks 52nd of 73

Children's savings accounts we track

Well below average
This account 2.27%
UK CPI (Aug 2026)
3.10%
Pays 0.83% less
Average children's savings
2.92%
Pays 0.65% less
Best children's savings
5.50%
Pays 3.23% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare savings accounts

A Good Fit For

  • Pro: Savers who want instant access
  • Pro: Savers who want a monthly income

Worth Weighing Up

  • Con: The rate is variable, so it can go down

Good to Know

This account must be opened by a UK adult, and can only be opened in branch or via Video Banking (existing customers only). You'll also need the child's birth certificate.

Please verify all details with the provider – see our Disclaimer

See all Barclays accounts

Estimated returns with Barclays' Children's Savings

What you could earn with Barclays's Children's Savings.

Estimated interest

£1,000 saved

£22.70

At 2.27% AER

£5,000 saved

£113

At 2.27% AER

£10,000 saved

£227

At 2.27% AER

£50,000 saved

£425

At 0.85% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Barclays Children's Savings

Jonny PeaseCo-Founder, DepositScout

This account is aimed at parents or guardians looking for an easy-access home for a child's savings with a well-known high street bank. The rate is 2.27% on balances up to £10,000, but it drops sharply to 0.85% on anything above that, so the tiered structure is a real catch if savings grow beyond that threshold. At 2.27%, the rate sits 0.83% below CPI inflation of 3.1% (Aug 2026), meaning money here is losing purchasing power in real terms. The Lloyds Bank Child Saver and Bank of Scotland Children's Saver both pay 2.25%, so Barclays edges them slightly if the balance stays under £10,000.

2 alternatives to Barclays's Children's Savings

Same type of account, closest on rate.

Common questions about the Children's Savings

D

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4.20% AER
4.75%
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