Children's Savings

Skipton Building Society Children's Saver Review

A competitive children's savings account from Skipton Building Society. It ranks 16th of 73 children's savings accounts we track.

Variable rate

3.65%AER

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

Protection

FSCS£120,000

Min balance

£1

Max balance

£20,000

Access

Withdrawals permitted

Interest paid

Annually

How It Stacks Up

Ranks 16th of 73

Children's savings accounts we track

Above average
This account 3.65%
UK CPI (Aug 2026)
3.10%
Pays 0.55% more
Average children's savings
2.92%
Pays 0.73% more
Best children's savings
5.50%
Pays 1.85% less

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

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Pros and cons

  • Pro: New and existing savers
  • Con: The rate is variable, so it can go down

Good to Know

Issue 14. £1 to £20,000. Interest paid on the anniversary of opening, either added to the account or paid to another account. Open to children up to 17.

Please verify all details with the provider – see our Disclaimer

See all Skipton Building Society accounts

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

What you could earn with Skipton Building Society's Children's Saver.

Estimated interest

£1,000 saved

£36.50

At 3.65% AER

£5,000 saved

£182

At 3.65% AER

£10,000 saved

£365

At 3.65% AER

£20,000 saved

£730

At 3.65% 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 Skipton Building Society Children's Saver

Jan WatermannCo-Founder, DepositScout

Skipton's Children's Saver pays 3.65% on balances from £1 up to £20,000, which at least clears inflation by 0.55% against the current CPI of 3.1%. Since market data is not available here, I cannot say how it sits against the wider children's savings field, and I would check alternatives before committing. Withdrawals are permitted, which is useful for a child's account, though interest is only paid annually. Danske Bank and Hinckley & Rugby Building Society both match the 3.65% rate if you want to compare.

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2 alternatives to Skipton Building Society's Children's Saver

Same type of account, closest on rate.

Common questions about the Children's Saver

D

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Easy Access rate just dropped

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Nationwide FlexSaver Rate Down
4.20% AER
4.75%
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