Children's Savings

Beverley Building Society Young Savers Account Review

A children's savings account from Beverley Building Society. It ranks 32nd of 73 children's savings accounts we track.

Variable rate

3.00%AER

Account type
Easy access
Maximum age
20
Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

£25,000

Access

Instant

Interest paid

Annually

How It Stacks Up

Ranks 32nd of 73

Children's savings accounts we track

Just above average
This account 3.00%
UK CPI (Aug 2026)
3.10%
Pays 0.10% less
Average children's savings
2.92%
Pays 0.08% more
Best children's savings
5.50%
Pays 2.50% less

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

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A Good Fit For

  • Pro: New and existing savers
  • Pro: Savers who want instant access

Worth Weighing Up

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

Good to Know

Open by post or in branch with the application form, ID and opening deposit payable to the child. Interest added annually on 31 December.

Please verify all details with the provider – see our Disclaimer

See all Beverley Building Society accounts

Estimated returns with Beverley Building Society's Children's Savings

What you could earn with Beverley Building Society's Young Savers Account.

Estimated interest

£1,000 saved

£30.00

At 3% AER

£5,000 saved

£150

At 3% AER

£10,000 saved

£300

At 3% AER

£25,000 saved

£750

At 3% 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 Beverley Building Society Young Savers Account

Jan WatermannCo-Founder, DepositScout

This account is aimed at parents or guardians looking to start a child saving, with a 3.00% rate on balances from £1 up to £25,000. That rate sits 0.10% below CPI inflation of 3.1% as of Aug 2026, so the money loses a little purchasing power in real terms. I have no market comparison data here, so I cannot say how it stacks up against the wider children's savings field, though Vernon Building Society and Marsden Building Society both offer 3.00% on similar accounts. Cash withdrawals on demand are capped at £500.

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2 alternatives to Beverley Building Society's Young Savers Account

Same type of account, closest on rate.

Common questions about the Young Savers Account

D

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Easy Access rate just dropped

A top provider just cut their rate. Here's what you need to know about the latest market shift.

Nationwide FlexSaver Rate Down
4.20% AER
4.75%
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