Children's Savings

Melton Building Society Wild Ones Young Savers Review

A competitive children's savings account from Melton Building Society. It ranks 31st of 73 children's savings accounts we track.

Variable rate

3.04%AER

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

Protection

FSCS£120,000

Min balance

£5

Max balance

No limit

Access

Instant

Interest paid

Monthly

How It Stacks Up

Ranks 31st of 73

Children's savings accounts we track

Above average
This account 3.04%
UK CPI (Aug 2026)
3.10%
Pays 0.06% less
Average children's savings
2.92%
Pays 0.12% more
Best children's savings
5.50%
Pays 2.46% less

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

Compare savings accounts

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

Please verify all details with the provider – see our Disclaimer

See all Melton Building Society accounts

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

What you could earn with Melton Building Society's Wild Ones Young Savers.

Estimated interest

£1,000 saved

£30.40

At 3.04% AER

£5,000 saved

£152

At 3.04% AER

£10,000 saved

£304

At 3.04% AER

£50,000 saved

£1,520

At 3.04% 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 Melton Building Society Wild Ones Young Savers

Jan WatermannCo-Founder, DepositScout

This account is aimed at children and opens with as little as £5, which makes it genuinely accessible. The 3.04% rate is instant-access and paid monthly, though at 0.06% below CPI inflation of 3.1% for Aug 2026 it does not quite keep pace with rising prices in real terms. Because market data is not supplied I cannot say where it sits competitively, but alternatives such as Beverley Building Society's Young Savers Account and Vernon Building Society's Young Saver both sit at 3.00%, so the gap is slim.

Compare Savings Accounts

2 alternatives to Melton Building Society's Wild Ones Young Savers

Same type of account, closest on rate.

Common questions about the Wild Ones Young Savers

D

DepositScout Alerts

2 minutes ago

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%
View Best Rates
Live Market Tracking

Be the first to know when this Melton Building Society rate drops.

Join 1,000+ savers using DepositScout who get instant email alerts when top UK savings rates change. Never miss out on a better deal again.

Takes 30 seconds · No spam · Unsubscribe any time