Children's Savings

Monmouthshire Building Society Young Saver Review

A children's savings account from Monmouthshire Building Society. 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

Yearly

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

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

What you could earn with Monmouthshire Building Society's Young Saver.

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 Monmouthshire Building Society Young Saver

Jan WatermannCo-Founder, DepositScout

The Monmouthshire Building Society Young Saver pays 2.25% and is aimed at children looking for instant-access savings with no meaningful minimum balance, so it suits parents or grandparents wanting to start a child off with even a small amount. I have no market comparison data for this account, so I cannot say how it stacks up against the wider children's savings market. The real catch is that at 2.25% the rate sits 0.85% below CPI inflation of 3.1%, meaning the money loses purchasing power in real terms.

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2 alternatives to Monmouthshire Building Society's Young Saver

Same type of account, closest on rate.

Common questions about the Young Saver

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Nationwide FlexSaver Rate Down
4.20% AER
4.75%
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