Children's Savings

Cumberland Building Society Young Cumberland Blues Review

A children's savings account from Cumberland Building Society. It ranks 38th of 73 children's savings accounts we track.

Headline rate

2.80%AER

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

Min balance

£10

Max balance

No limit

Access

Instant

Interest paid

Yearly

How It Stacks Up

Ranks 38th of 73

Children's savings accounts we track

Below average
This account 2.80%
UK CPI (Aug 2026)
3.10%
Pays 0.30% less
Average children's savings
2.92%
Pays 0.12% less
Best children's savings
5.50%
Pays 2.70% 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

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

What you could earn with Cumberland Building Society's Young Cumberland Blues.

Estimated interest

£1,000 saved

£28.00

At 2.8% AER

£5,000 saved

£140

At 2.8% AER

£10,000 saved

£280

At 2.8% AER

£50,000 saved

£1,400

At 2.8% 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 Cumberland Building Society Young Cumberland Blues

Jan WatermannCo-Founder, DepositScout

This account is aimed at children and pays 2.80% on instant-access savings with a low entry point of just £10, which makes it easy to get started. The rate does not beat inflation, sitting 0.30% below the August 2026 CPI figure of 3.1%, so the real value of savings will still erode slightly over time. Nationwide's Children's Future Saver matches the same 2.80% rate, so if you are not local to Cumberland it is worth considering that as an alternative. The interest is paid yearly, which is worth noting if you were hoping for more frequent compounding.

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2 alternatives to Cumberland Building Society's Young Cumberland Blues

Same type of account, closest on rate.

Common questions about the Young Cumberland Blues

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4.20% AER
4.75%
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