How much interest could I earn?

Saving £10,000 for 5 years would earn about £2,379 at 4.36% AER. This assumes the rate stays the same and interest stays in the account.

How much can I pay in?

You can deposit at least £1,000 and up to £100,000.

Who can open this account?

New and existing State Bank of India customers can open it. You can open it in branch or by post.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

How does it compare with other children's savings accounts?

At 4.36% AER it ranks 6th of 75 children's savings accounts we track. The best pays 5.00% and the average is 2.94%.

Dashboard

Children's Savings

State Bank of India Jumbo Junior Fixed Deposit Account 5 Year Review

Q: What interest rate does the State Bank of India Jumbo Junior Fixed Deposit Account 5 Year pay?

The State Bank of India Jumbo Junior Fixed Deposit Account 5 Year pays 4.36% AER fixed.

One of the best-paying children's savings accounts, from State Bank of India, with a £1,000 minimum deposit. It ranks 6th of 75 children's savings accounts we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate

4.36%AER

Account type: Fixed rate
Maximum age: 11

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1,000

Max balance

£100,000

Access

No withdrawals

Interest paid

Annually

How It Stacks Up

Ranks 6th of 75

Children's savings accounts we track

Among the best

This account 4.36%

UK CPI (Aug 2026): 3.10%; Pays 1.26% more
Average children's savings: 2.94%; Pays 1.42% more
Best children's savings: 5.00%; Pays 0.64% less

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

Compare savings accounts

Pros and cons

Pro: New and existing savers
Con: You need at least £1,000 to open it

Good to Know

Requires a Jumbo Junior Instant Access account with SBI UK, existing or opened alongside.

Please verify all details with the provider – see our Disclaimer

See all State Bank of India accounts

Estimated returns with State Bank of India's Children's Savings

What you could earn with State Bank of India's Jumbo Junior Fixed Deposit Account 5 Year.

Estimated interest

£1,000 saved

£238

At 4.36% AER

£5,000 saved

£1,189

At 4.36% AER

£10,000 saved

£2,379

At 4.36% AER

£100,000 saved

£23,786

At 4.36% AER

Estimated over the 60-month term, 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.

2 alternatives to State Bank of India's Jumbo Junior Fixed Deposit Account 5 Year3 alternatives to State Bank of India's Jumbo Junior Fixed Deposit Account 5 Year

Same type of account, closest on rate.

Common questions about the Jumbo Junior Fixed Deposit Account 5 Year

DepositScout Alerts

Example alert

Easy Access rate just dropped

A top provider just cut their rate. Here's what you need to know about the latest market shift.

Example Easy Access Saver Rate Down

4.20% AER

4.75%

View Best Rates

Live Market Tracking

Be the first to know when this State Bank of India rate drops.

Join 1,000+ savers using DepositScout who get instant email alerts when top UK savings rates change. Never miss out on a better deal again.

State Bank of India Jumbo Junior Fixed Deposit Account 5 Year Review

How It Stacks Up

Pros and cons

Good to Know

Estimated returns with State Bank of India's Children's Savings

2 alternatives to State Bank of India's Jumbo Junior Fixed Deposit Account 5 Year3 alternatives to State Bank of India's Jumbo Junior Fixed Deposit Account 5 Year

Common questions about the Jumbo Junior Fixed Deposit Account 5 Year

What interest rate does the State Bank of India Jumbo Junior Fixed Deposit Account 5 Year pay?

How much interest could I earn?

How much can I pay in?

Can I withdraw my money?

When is interest paid?

Who can open this account?

Is my money protected?

How does it compare with other children's savings accounts?

Easy Access rate just dropped

Be the first to know when this State Bank of India rate drops.