What interest rate does the Halifax Kids' Saver pay?

The Halifax Kids' Saver pays 2.25% AER variable.

How much interest could I earn?

Saving £10,000 for 1 year would earn about £225 at 2.25% AER. This assumes the rate stays the same and interest stays in the account.

Who can open this account?

New and existing Halifax customers can open it. You can open it online, in branch, in the app or by phone.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

How does it compare with other children's savings accounts?

At 2.25% AER it ranks 56th of 75 children's savings accounts we track. The best pays 5.00% and the average is 2.94%.

Dashboard

Children's Savings

Halifax Kids' Saver Review

A children's savings account from Halifax. It ranks 56th of 75 children's savings accounts we track.

Rate checked Oct 2026Got this account? Leave a review

Variable rate

2.25%AER

Account type: Easy access
Maximum age: 15

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

No limit

Access

Instant

Interest paid

Monthly

Halifax is becoming Lloyds. Halifax is being retired on 31 October 2026.

Go to Lloyds

Rate Tiers

Up to £5,000

2.25%AER

Over £5,000

0.75%AER

How It Stacks Up

Ranks 56th of 75

Children's savings accounts we track

Well below average

This account 2.25%

UK CPI (Aug 2026): 3.10%; Pays 0.85% less
Average children's savings: 2.94%; Pays 0.69% less
Best children's savings: 5.00%; Pays 2.75% 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
Pro: Savers who want a monthly income

Worth Weighing Up

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

Please verify all details with the provider – see our Disclaimer

See all Halifax accounts

Estimated returns with Halifax's Children's Savings

What you could earn with Halifax's Kids' Saver.

Estimated interest

£1,000 saved

£22.50

At 2.25% AER

£5,000 saved

£112

At 2.25% AER

£10,000 saved

£75.00

At 0.75% AER

£50,000 saved

£375

At 0.75% 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 Halifax Kids' Saver

Jonny PeaseCo-Founder, DepositScout

Halifax Kids' Saver pays 2.25% on balances up to £5,000, but that rate drops sharply to 0.75% on anything above that, so keeping the balance under £5,000 is the practical ceiling here. At 2.25%, the rate sits 0.85% below CPI inflation of 3.1% (Aug 2026), meaning money in this account is losing purchasing power in real terms. It suits parents or grandparents wanting a simple, instant-access home for a child's savings without a large lump sum, and the account converts to an Everyday Saver on the child's 16th birthday, so you would want to review it then.

Compare Savings Accounts

2 alternatives to Halifax's Kids' Saver3 alternatives to Halifax's Kids' Saver

Same type of account, closest on rate.

Common questions about the Kids' Saver

DepositScout Alerts

Example alert

Easy Access rate just dropped

A top provider just cut their rate. Here's what you need to know about the latest market shift.

Example Easy Access Saver Rate Down

4.20% AER

4.75%

View Best Rates

Live Market Tracking

Be the first to know when this Halifax 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.