Children's Savings

Metro Bank Young Savers Review

A children's savings account from Metro Bank. It ranks 65th of 73 children's savings accounts we track.

Variable rate

1.65%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

Monthly

How It Stacks Up

Ranks 65th of 73

Children's savings accounts we track

Well below average
This account 1.65%
UK CPI (Aug 2026)
3.10%
Pays 1.45% less
Average children's savings
2.92%
Pays 1.27% less
Best children's savings
5.50%
Pays 3.85% 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

Good to Know

Ages 21 and under

Please verify all details with the provider – see our Disclaimer

See all Metro Bank accounts

Estimated returns with Metro Bank's Children's Savings

What you could earn with Metro Bank's Young Savers.

Estimated interest

£1,000 saved

£16.50

At 1.65% AER

£5,000 saved

£82.50

At 1.65% AER

£10,000 saved

£165

At 1.65% AER

£50,000 saved

£825

At 1.65% 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 Metro Bank Young Savers

Jonny PeaseCo-Founder, DepositScout

Metro Bank Young Savers pays 1.65% and is aimed at families wanting a straightforward instant-access account for a child, with interest calculated daily and paid monthly from as little as £1. Without market comparison data I cannot say where it sits in the wider children's savings landscape, but at 1.65% it sits 1.45% below CPI inflation of 3.1% (Aug 2026), so the real value of savings will erode over time. The main practical catch is the withdrawal restriction: under-16s are limited to £100 per day, and those aged 16 or over must give one day's notice for withdrawals above £1,000.

Compare Savings Accounts

2 alternatives to Metro Bank's Young Savers

Same type of account, closest on rate.

Common questions about the 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 Metro Bank 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