Children's Savings

State Bank of India Jumbo Junior Instant Access Savings Review

A children's savings account from State Bank of India. It ranks 71st of 73 children's savings accounts we track.

Headline rate

1.25%AER

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

Min balance

£100

Max balance

No limit

Access

Instant

Interest paid

Monthly

How It Stacks Up

Ranks 71st of 73

Children's savings accounts we track

Well below average
This account 1.25%
UK CPI (Aug 2026)
3.10%
Pays 1.85% less
Average children's savings
2.92%
Pays 1.67% less
Best children's savings
5.50%
Pays 4.25% less

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

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A Good Fit For

  • Pro: Savers who want instant access
  • Pro: Savers who want a monthly income

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

What you could earn with State Bank of India's Jumbo Junior Instant Access Savings.

Estimated interest

£1,000 saved

£12.50

At 1.25% AER

£5,000 saved

£62.50

At 1.25% AER

£10,000 saved

£125

At 1.25% AER

£50,000 saved

£625

At 1.25% 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 State Bank of India Jumbo Junior Instant Access Savings

Jan WatermannCo-Founder, DepositScout

State Bank of India's Jumbo Junior Instant Access Savings pays 1.25% and requires a minimum of £100 to open, making it a straightforward option for parents or grandparents wanting an instant-access home for a child's money. I have no market comparison data for this account, so I cannot say how it sits against the broader children's savings field, but I would note that at 1.85% below August 2026 CPI of 3.1%, the real value of savings here is being eroded. If you want to stay instant-access, Hanley Economic BS Young Saver pays 1.40% on the same basis.

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2 alternatives to State Bank of India's Jumbo Junior Instant Access Savings

Same type of account, closest on rate.

Common questions about the Jumbo Junior Instant Access Savings

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4.20% AER
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