Children's Savings

Furness Building Society Furness Young Savers Account Review

A children's savings account from Furness Building Society. It ranks 61st of 73 children's savings accounts we track.

Headline rate

2.00%AER

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

Min balance

£1

Max balance

No limit

Access

Instant

Interest paid

½ Yearly

How It Stacks Up

Ranks 61st of 73

Children's savings accounts we track

Well below average
This account 2.00%
UK CPI (Aug 2026)
3.10%
Pays 1.10% less
Average children's savings
2.92%
Pays 0.92% less
Best children's savings
5.50%
Pays 3.50% 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 Furness Building Society's Children's Savings

What you could earn with Furness Building Society's Furness Young Savers Account.

Estimated interest

£1,000 saved

£20.00

At 2% AER

£5,000 saved

£100

At 2% AER

£10,000 saved

£200

At 2% AER

£50,000 saved

£1,000

At 2% 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 Furness Building Society Furness Young Savers Account

Jonny PeaseCo-Founder, DepositScout

The Furness Young Savers Account pays 2.00% and is aimed at children looking for a straightforward instant-access home for their savings. With no market comparison data supplied I cannot say where it sits against the broader children's savings market, but I would note that at 1.10% below CPI of 3.1% (Aug 2026) the real value of savings here is being eroded. The minimum balance of just £1 keeps it accessible, though if you want a slightly better rate the Lloyds Bank Child Saver is currently paying 2.25%.

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2 alternatives to Furness Building Society's Furness Young Savers Account

Same type of account, closest on rate.

Common questions about the Furness Young Savers Account

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4.20% AER
4.75%
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