Children's Savings

Kent Reliance Demelza Children's Savings Account Review

One of the best-paying children's savings accounts, from Kent Reliance. It ranks 6th of 73 children's savings accounts we track.

Variable rate

4.18%AER

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

Protection

FSCS£120,000

Min balance

£10

Max balance

£25,000

Access

Instant

Interest paid

Monthly/Annually

How It Stacks Up

Ranks 6th of 73

Children's savings accounts we track

Among the best
This account 4.18%
UK CPI (Aug 2026)
3.10%
Pays 1.08% more
Average children's savings
2.92%
Pays 1.26% more
Best children's savings
5.50%
Pays 1.32% less

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

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How Interest Is Paid

You choose how often interest is paid: annually or monthly. You earn the same 4.18% AER either way.

Paid annually

4.18%AER

Paid monthly

4.10%gross

The monthly rate is a little lower because interest reaches you sooner. Over a year it adds up to the same.

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

Good to Know

£10 opening deposit, £25,000 maximum. Interest paid yearly and can either stay in the account or go to another account. No linked-product or eligibility conditions. Open to children up to 17.

Please verify all details with the provider – see our Disclaimer

See all Kent Reliance accounts

Estimated returns with Kent Reliance's Children's Savings

What you could earn with Kent Reliance's Demelza Children's Savings Account.

Estimated interest

£1,000 saved

£41.80

At 4.18% AER

£5,000 saved

£209

At 4.18% AER

£10,000 saved

£418

At 4.18% AER

£25,000 saved

£1,045

At 4.18% 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 Kent Reliance Demelza Children's Savings Account

Jan WatermannCo-Founder, DepositScout

This account is aimed at children aged 7 to 12 and pays 4.18% AER on annual interest, or a slightly lower 4.10% if you opt for monthly payments. With CPI at 3.1% as of Aug 2026, the rate sits 1.08% above inflation, which at least means the money is growing in real terms. The balance is capped at £25,000 and withdrawals are limited to £100 per day, so if you ever need a larger sum quickly, that restriction will frustrate you. The minimum to open is just £10, making it accessible for most families.

Compare Savings Accounts

2 alternatives to Kent Reliance's Demelza Children's Savings Account

Same type of account, closest on rate.

Common questions about the Demelza Children's Savings Account

D

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4.75%
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