Children's Savings

Harpenden Building Society Young Savers Instant Access Review

A children's savings account from Harpenden Building Society. It ranks 40th of 73 children's savings accounts we track.

Variable rate

2.75%AER

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

Protection

FSCS£120,000

Min balance

£1

Max balance

No limit

Access

Instant

Interest paid

½ Yearly

How It Stacks Up

Ranks 40th of 73

Children's savings accounts we track

Below average
This account 2.75%
UK CPI (Aug 2026)
3.10%
Pays 0.35% less
Average children's savings
2.92%
Pays 0.17% less
Best children's savings
5.50%
Pays 2.75% less

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

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Pros and cons

  • Pro: Savers who want instant access
  • Con: The rate is variable, so it can go down

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

What you could earn with Harpenden Building Society's Young Savers Instant Access.

Estimated interest

£1,000 saved

£27.50

At 2.75% AER

£5,000 saved

£138

At 2.75% AER

£10,000 saved

£275

At 2.75% AER

£50,000 saved

£1,375

At 2.75% 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 Harpenden Building Society Young Savers Instant Access

Jonny PeaseCo-Founder, DepositScout

Harpenden Building Society's Young Savers Instant Access pays 2.75% with no minimum balance worth worrying about, starting from just £1, which makes it accessible for parents or grandparents drip-feeding small amounts for a child. I cannot say how it sits against the broader children's savings market from the data I have, but the Nationwide Children's Future Saver is paying 2.80% if you want to squeeze a little more out. The rate does sit 0.35% below CPI inflation of 3.1% as of Aug 2026, so the money is losing real purchasing power, which is the honest catch with most children's instant access accounts right now.

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2 alternatives to Harpenden Building Society's Young Savers Instant Access

Same type of account, closest on rate.

Common questions about the Young Savers Instant Access

D

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Easy Access rate just dropped

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

Nationwide FlexSaver Rate Down
4.20% AER
4.75%
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