Children's Savings

Dudley Building Society First Account Review

A children's savings account from Dudley Building Society. It ranks 73rd of 73 children's savings accounts we track.

Headline rate

0.85%AER

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

Protection

FSCS£120,000

Min balance

£1

Max balance

£30,000

Access

Instant

Interest paid

Annually

How It Stacks Up

Ranks 73rd of 73

Children's savings accounts we track

Well below average
This account 0.85%
UK CPI (Aug 2026)
3.10%
Pays 2.25% less
Average children's savings
2.92%
Pays 2.07% less
Best children's savings
5.50%
Pays 4.65% 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

Good to Know

This account requires an account operator if the saver is younger than 11 years old. Parents or adults can sign for withdrawals until you are 16 or can sign it over to you from the age of 11 onwards. If you are 11 or older, you can open and operate your First Account Account in your own name. On the child’s 17th Birthday, the account will mature into the next savings account we have available for their age range. We will contact the operator or account holder in advance. Additional investments are permitted.

Please verify all details with the provider – see our Disclaimer

See all Dudley Building Society accounts

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

What you could earn with Dudley Building Society's First Account.

Estimated interest

£1,000 saved

£8.50

At 0.85% AER

£5,000 saved

£42.50

At 0.85% AER

£10,000 saved

£85.00

At 0.85% AER

£30,000 saved

£255

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 Dudley Building Society First Account

Jan WatermannCo-Founder, DepositScout

This instant-access children's account from Dudley Building Society pays 0.85% AER, which falls 2.25% below CPI inflation of 3.1% (Aug 2026), so the money will lose purchasing power in real terms. The account accepts deposits from as little as £1 up to £30,000, which is a decent ceiling for a children's saver. Without market comparison data I cannot say where 0.85% sits in the wider landscape, but alternatives in the JSON include Hanley Economic BS Young Saver at 1.40% and both Chorley Building Society Young Chorleian and State Bank of India Jumbo Junior at 1.25%, all of which would be worth checking first.

Compare Savings Accounts

2 alternatives to Dudley Building Society's First Account

Same type of account, closest on rate.

Common questions about the First Account

D

DepositScout Alerts

2 minutes ago

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%
View Best Rates
Live Market Tracking

Be the first to know when this Dudley Building Society rate drops.

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