Children's Savings

Nottingham Building Society For their Future - Children's Savings Account Review

A competitive children's savings account from Nottingham Building Society. It ranks 23rd of 73 children's savings accounts we track.

Variable rate

3.35%AER

Account type
Easy access
Maximum age
17
Rate checked Oct 2026Got this account? Leave a review

Min balance

£1

Max balance

£750,000

Access

At maturity only

Interest paid

Yearly

How It Stacks Up

Ranks 23rd of 73

Children's savings accounts we track

Above average
This account 3.35%
UK CPI (Aug 2026)
3.10%
Pays 0.25% more
Average children's savings
2.92%
Pays 0.43% more
Best children's savings
5.50%
Pays 2.15% less

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

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Worth Weighing Up

  • Con: Your money is locked in until the account matures
  • Con: The rate is variable, so it can go down

Good to Know

£1 to £750,000. Interest added to the account yearly. Locked away for the child until their 18th birthday, then converts to instant access. Branch only.

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

What you could earn with Nottingham Building Society's For their Future - Children's Savings Account.

Estimated interest

£1,000 saved

£33.50

At 3.35% AER

£5,000 saved

£168

At 3.35% AER

£10,000 saved

£335

At 3.35% AER

£750,000 saved

£25,125

At 3.35% 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 Nottingham Building Society For their Future - Children's Savings Account

Jan WatermannCo-Founder, DepositScout

This account is aimed at parents or guardians looking to set aside money for a child, paying 3.35% yearly on balances from £1 up to £750,000. That rate sits just 0.25% above CPI inflation of 3.1% as of Aug 2026, so it preserves purchasing power but only barely. I have no market comparison data here, so I cannot say where it stands against the wider children's savings field, though Family Building Society Junior Saver and Principality Building Society Dylan Advanced Saver both currently match it at 3.35%. The real catch is the no-access-until-maturity condition, which is a significant commitment.

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2 alternatives to Nottingham Building Society's For their Future - Children's Savings Account

Same type of account, closest on rate.

Common questions about the For their Future - Children's Savings Account

D

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Nationwide FlexSaver Rate Down
4.20% AER
4.75%
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