Children's Savings

Nottingham Building Society Young Savers' Club Review

One of the best-paying children's savings accounts, from Nottingham Building Society. It ranks 14th of 73 children's savings accounts we track.

Variable rate

3.75%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

Unlimited

Interest paid

Annually

How It Stacks Up

Ranks 14th of 73

Children's savings accounts we track

Among the best
This account 3.75%
UK CPI (Aug 2026)
3.10%
Pays 0.65% more
Average children's savings
2.92%
Pays 0.83% more
Best children's savings
5.50%
Pays 1.75% less

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

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Worth Weighing Up

  • Con: The rate is variable, so it can go down

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

What you could earn with Nottingham Building Society's Young Savers' Club.

Estimated interest

£1,000 saved

£37.50

At 3.75% AER

£5,000 saved

£188

At 3.75% AER

£10,000 saved

£375

At 3.75% AER

£50,000 saved

£1,875

At 3.75% 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 Young Savers' Club

Jonny PeaseCo-Founder, DepositScout

The Nottingham Building Society Young Savers' Club pays 3.75% and is aimed at children looking for a straightforward easy-access account with no maximum balance cap and unlimited withdrawals. The rate sits 0.65% above CPI inflation of 3.1% as of Aug 2026, so the money is at least growing in real terms. Since market data is not supplied I cannot say how this sits against the broader children's savings market, though HSBC MySavings matches it at 3.75% and is worth comparing if you want a high-street name. Interest is paid annually, so the child will not see returns credited more frequently than that.

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2 alternatives to Nottingham Building Society's Young Savers' Club

Same type of account, closest on rate.

Common questions about the Young Savers' Club

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4.20% AER
4.75%
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