Children's Savings

Hinckley & Rugby Building Society Young Saver Review

A competitive children's savings account from Hinckley & Rugby Building Society. It ranks 29th of 73 children's savings accounts we track.

Variable rate

3.20%AER

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

Protection

FSCS£120,000

Min balance

£1

Max balance

£10,000

Access

Instant

Interest paid

Annually

How It Stacks Up

Ranks 29th of 73

Children's savings accounts we track

Above average
This account 3.20%
UK CPI (Aug 2026)
3.10%
Pays 0.10% more
Average children's savings
2.92%
Pays 0.28% more
Best children's savings
5.50%
Pays 2.30% 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

Good to Know

Opened and managed by an adult aged 18 or over. The account can hold a maximum of £10,000 from deposits.

Please verify all details with the provider – see our Disclaimer

See all Hinckley & Rugby Building Society accounts

Estimated returns with Hinckley & Rugby Building Society's Children's Savings

What you could earn with Hinckley & Rugby Building Society's Young Saver.

Estimated interest

£1,000 saved

£32.00

At 3.2% AER

£5,000 saved

£160

At 3.2% AER

£10,000 saved

£320

At 3.2% 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 Hinckley & Rugby Building Society Young Saver

Jan WatermannCo-Founder, DepositScout

The Hinckley & Rugby Young Saver is aimed at children and pays 3.20%, which just edges ahead of August 2026 CPI inflation of 3.1% by 0.10%, so the money at least holds its real value in the current climate. The account accepts as little as £1 and up to £10,000 with instant access, which is genuinely useful for a child's savings pot. I have no market comparison data to judge where 3.20% sits competitively, but Leek Building Society and Leeds Building Society both appear in the alternatives at up to 3.25%, so I would check those before deciding.

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2 alternatives to Hinckley & Rugby Building Society's Young Saver

Same type of account, closest on rate.

Common questions about the Young Saver

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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