Children's Savings

Dudley Building Society My Squirrel 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
Regular saver
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: Savers who want instant access

Good to Know

This account requires an account operator. On the child’s 12th 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. You are not obliged to save into your account every month and you will not be penalised if you miss a monthly deposit.

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 Squirrel 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 Squirrel Saver

Jan WatermannCo-Founder, DepositScout

This is a straightforward instant-access children's account from Dudley Building Society, suited to parents or guardians looking to build a savings habit for a child from as little as £10. The 2.35% rate sits 0.75% below CPI inflation of 3.1% (Aug 2026), so the money loses purchasing power in real terms, which is worth being honest about. The monthly deposit cap of £150 and a £30,000 maximum balance are the practical limits to know upfront. If you want to compare, Stafford Building Society and West Brom Building Society both offer children's accounts at the same 2.35%.

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Same type of account, closest on rate.

Common questions about the My Squirrel Saver

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