WithdrawnChildren's Savings

The Co-operative Bank Future Fund Review

The Co-operative Bank have withdrawn this account. The 1.40% below is the last rate we recorded.

Last known rate

1.40%AER

The Co-operative Bank have withdrawn this account.

Looking for a children's savings account?

Compare the best rates
Account type
Easy access
Last recorded Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

£1,000,000

Access

Instant

Interest paid

Annually

How It Stacks Up

Ranks 80th of 85

Where it stood before it was withdrawn

Withdrawn
Last rate 1.40%
UK CPI (Aug 2026)
3.10%
Paid 1.70% less
Average children's savings
2.99%
Paid 1.59% less
Best children's savings
6.00%
Paid 4.60% less

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

Compare savings accounts

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

Please verify all details with the provider – see our Disclaimer

See all The Co-operative Bank accounts

Estimated returns with The Co-operative Bank's Children's Savings

What you could earn with The Co-operative Bank's Future Fund.

Estimated interest

£1,000 saved

£14.00

At 1.4% AER

£5,000 saved

£70.00

At 1.4% AER

£10,000 saved

£140

At 1.4% AER

£1,000,000 saved

£14,000

At 1.4% 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 The Co-operative Bank Future Fund

Jan WatermannCo-Founder, DepositScout

The Co-operative Bank Future Fund is an instant-access children's account opened by a parent or guardian, though children aged 7 or over can apply themselves or eventually take over the account. The rate sits at 1.40%, which is 1.70% below CPI inflation of 3.1% (Aug 2026), so the money loses real purchasing power over time. With no market comparison data supplied I cannot say where it stands competitively, but Chorley Building Society's Children's Regular Saver pays 1.50% if you want a marginally better alternative. The minimum deposit is just £1, which keeps it accessible.

2 alternatives to The Co-operative Bank's Future Fund

Same type of account, closest on rate.

Common questions about the Future Fund

D

DepositScout Alerts

Example alert

Easy Access rate just dropped

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

Example Easy Access Saver Rate Down
4.20% AER
4.75%
View Best Rates
Live Market Tracking

Be the first to know when a better children's savings appears.

Join 1,000+ savers using DepositScout who get instant email alerts when top UK savings rates change. Never miss out on a better deal again.

Takes 30 seconds · No spam · Unsubscribe any time