Children's Savings

Hanley Economic BS 1 Year Childrens Fixed Rate Bond Review

A competitive children's savings account from Hanley Economic BS, with a £1,000 minimum deposit. It ranks 21st of 73 children's savings accounts we track.

Fixed rate

3.50%AER

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

Min balance

£1,000

Max balance

£300,000

Access

Limited withdrawals

Interest paid

On Maturity (Compounded Annually)

How It Stacks Up

Ranks 21st of 73

Children's savings accounts we track

Above average
This account 3.50%
UK CPI (Aug 2026)
3.10%
Pays 0.40% more
Average children's savings
2.92%
Pays 0.58% more
Best children's savings
5.50%
Pays 2.00% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

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Pros and cons

  • Pro: New and existing savers
  • Con: You need at least £1,000 to open it

Good to Know

Issue 254. £1,000 to £300,000. Interest paid at maturity (compounded annually). Open to children up to 17.

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Estimated returns with Hanley Economic BS' Children's Savings

What you could earn with Hanley Economic BS's 1 Year Childrens Fixed Rate Bond.

Estimated interest

£1,000 saved

£35.00

At 3.5% AER

£5,000 saved

£175

At 3.5% AER

£10,000 saved

£350

At 3.5% AER

£300,000 saved

£10,500

At 3.5% 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 Hanley Economic BS 1 Year Childrens Fixed Rate Bond

Jonny PeaseCo-Founder, DepositScout

This one-year fixed bond from Hanley Economic BS pays 3.50%, which sits just 0.40% above CPI inflation of 3.1% as of Aug 2026, so the real return is modest but at least positive. It suits parents or guardians looking to lock away a lump sum for a child, with a minimum of £1,000 and a maximum of £300,000. The main catch is limited withdrawals during the term, so the money is largely tied up for the year. If you want a slightly better rate, Earl Shilton Building Society's Young Saver is available at 3.60%.

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2 alternatives to Hanley Economic BS's 1 Year Childrens Fixed Rate Bond

Same type of account, closest on rate.

Common questions about the 1 Year Childrens Fixed Rate Bond

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