Children's Savings

Family Building Society Junior Saver Review

A competitive children's savings account from Family Building Society. It ranks 23rd of 73 children's savings accounts we track.

Variable rate

3.35%AER

Account type
Easy access
Maximum age
17
Rate checked Oct 2026Got this account? Leave a review

Min balance

£1

Max balance

£25,000

Access

Instant

Interest paid

Yearly

How It Stacks Up

Ranks 23rd of 73

Children's savings accounts we track

Above average
This account 3.35%
UK CPI (Aug 2026)
3.10%
Pays 0.25% more
Average children's savings
2.92%
Pays 0.43% more
Best children's savings
5.50%
Pays 2.15% 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

Worth Weighing Up

  • Con: The rate is variable, so it can go down

Good to Know

Tiered: 3.35% on £1+, 3.60% on £3,000+. £1 to £25,000; one account per child. Passbook account opened by post or at the Epsom branch. Interest added yearly on 31 January. Open to children up to 17.

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

What you could earn with Family Building Society's Junior Saver.

Estimated interest

£1,000 saved

£33.50

At 3.35% AER

£5,000 saved

£168

At 3.35% AER

£10,000 saved

£335

At 3.35% AER

£25,000 saved

£838

At 3.35% 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 Family Building Society Junior Saver

Jonny PeaseCo-Founder, DepositScout

Family Building Society's Junior Saver pays 3.35% on balances from £1 up to £25,000, which at least edges ahead of CPI inflation by 0.25% based on the Aug 2026 figure of 3.1%, so the money is growing in real terms, just about. I can't compare it against the wider market here, but it's worth knowing that Nottingham Building Society and Principality Building Society both offer accounts at the same 3.35% rate, so it's worth checking which is easiest to open and manage. The account suits parents or grandparents wanting a simple, instant-access home for a child's savings without a minimum deposit hurdle.

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2 alternatives to Family Building Society's Junior Saver

Same type of account, closest on rate.

Common questions about the Junior Saver

D

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Easy Access rate just dropped

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Nationwide FlexSaver Rate Down
4.20% AER
4.75%
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