Min balance
£1
Max balance
£50,000
Access
Instant
Interest paid
Yearly
How It Stacks Up
Ranks 23rd of 73
Children's savings accounts we track
- 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.
Pros and cons
- Pro: Savers who want instant access
- Con: The rate is variable, so it can go down
Good to Know
£1 to £50,000. Interest added to the account yearly. Open to children up to 15; at 16 it moves to Principality's Instant Access Account or nearest equivalent.
Please verify all details with the provider – see our Disclaimer
See all Principality Building Society accounts