Children's Savings

Lloyds Bank Savings Account Review

A children's savings account from Lloyds Bank. It ranks 53rd of 73 children's savings accounts we track.

Headline rate

2.25%AER

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

Min balance

£1

Max balance

No limit

Access

Instant

Interest paid

Monthly

Lloyds Bank is also paying £200 to switch your current account. Offer ends 9 December 2026.

See the switch offer

How It Stacks Up

Ranks 53rd of 73

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
2.92%
Pays 0.67% less
Best children's savings
5.50%
Pays 3.25% less

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

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A Good Fit For

  • Pro: Savers who want instant access
  • Pro: Savers who want a monthly income

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Estimated returns with Lloyds Bank's Children's Savings

What you could earn with Lloyds Bank's Savings Account.

Estimated interest

£1,000 saved

£22.50

At 2.25% AER

£5,000 saved

£112

At 2.25% AER

£10,000 saved

£225

At 2.25% AER

£50,000 saved

£1,125

At 2.25% 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 Lloyds Bank Savings Account

Jonny PeaseCo-Founder, DepositScout

This is a children's instant-access savings account from Lloyds Bank, so it suits parents or guardians looking for a simple, flexible home for a child's money with no minimum balance to worry about. The rate sits at 2.25%, which is 0.85% below CPI inflation of 3.1% (Aug 2026), meaning the money is losing purchasing power in real terms. I cannot compare it with the wider market as no market data was supplied, so I would still check what else is available before committing. If you want to stay with Lloyds, the Child Saver and Smart Start accounts both also pay 2.25%.

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2 alternatives to Lloyds Bank's Savings Account

Same type of account, closest on rate.

Common questions about the Savings Account

D

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Nationwide FlexSaver Rate Down
4.20% AER
4.75%
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