Protection
FSCS£120,000
Min balance
£1
Max balance
£1,200
Access
Instant
Interest paid
On maturity
How It Stacks Up
Ranks 1st of 78
Children's savings accounts we track
This account 6.00%
- UK CPI (Aug 2026)
- 3.10%
- Pays 2.90% more
- Average children's savings
- 3.02%
- Pays 2.98% more
- Best children's savings
- 6.00%
- About the same
Inflation: ONS. Averages and best rates: accounts on DepositScout.
A Good Fit For
- Pro: New and existing savers
- Pro: Savers who want instant access
Worth Weighing Up
- Con: The rate is variable, so it can go down
- Con: You can only save up to £1,200
Good to Know
UK residents excluding Northern Ireland. Opened in a branch or agency by a parent, adoptive parent, someone with parental responsibility or a grandparent (with consent) for a child under 18, or by a young person aged 14-17 themselves. One account per child; the child can take over running it from 14. Must be funded within 30 days of opening or it is closed. At the end of the 12-month term it switches to the Society's Young Saver account.
Please verify all details with the provider – see our Disclaimer
See all Monmouthshire Building Society accounts
