Children's Savings

Dudley Building Society My Reward Saver Review

A children's savings account from Dudley Building Society. It ranks 47th of 73 children's savings accounts we track.

Headline rate

2.35%AER

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

Protection

FSCS£120,000

Min balance

£10

Max balance

£30,000

Access

Instant

Interest paid

Annually

How It Stacks Up

Ranks 47th of 73

Children's savings accounts we track

Well below average
This account 2.35%
UK CPI (Aug 2026)
3.10%
Pays 0.75% less
Average children's savings
2.92%
Pays 0.57% less
Best children's savings
5.50%
Pays 3.15% 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

Good to Know

Parents or adults can sign for withdrawals until you are 16 or you can open and operate your My Reward Saver 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. The product has a quarterly prize draw for account holders. To qualify, the parent or guardian of the account holder must sign the declaration and hold a minimum of £10 in their account. Terms and conditions.

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 My Reward Saver.

Estimated interest

£1,000 saved

£23.50

At 2.35% AER

£5,000 saved

£118

At 2.35% AER

£10,000 saved

£235

At 2.35% AER

£30,000 saved

£705

At 2.35% 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 My Reward Saver

Jan WatermannCo-Founder, DepositScout

This is a children's instant-access account from Dudley Building Society, so it suits parents or guardians looking for a flexible home for a child's savings up to £30,000 with no monthly deposit cap. The rate is 2.35%, which at current CPI of 3.1% leaves it 0.75% below inflation in real terms, so the money is losing purchasing power quietly in the background. I have no market comparison data to judge where 2.35% sits against rivals, though Stafford Building Society and West Brom Building Society both offer children's accounts at the same 2.35% rate, so it is worth checking those too.

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Common questions about the My Reward Saver

D

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Nationwide FlexSaver Rate Down
4.20% AER
4.75%
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