Children's Savings

Suffolk Building Society Children's Regular Saver (Trust) Review

One of the best-paying children's savings accounts, from Suffolk Building Society. It ranks 10th of 73 children's savings accounts we track.

Variable rate

4.00%AER

Account type
Regular saver
Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

No limit

Access

No withdrawals, Full closure only

Interest paid

Annually

How It Stacks Up

Ranks 10th of 73

Children's savings accounts we track

Among the best
This account 4.00%
UK CPI (Aug 2026)
3.10%
Pays 0.90% more
Average children's savings
2.92%
Pays 1.08% more
Best children's savings
5.50%
Pays 1.50% 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

Good to Know

Opened in trust by a parent, grandparent or legal guardian for a child under 18.

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

What you could earn with Suffolk Building Society's Children's Regular Saver (Trust).

Estimated interest

£1,000 saved

£40.00

At 4% AER

£5,000 saved

£200

At 4% AER

£10,000 saved

£400

At 4% AER

£50,000 saved

£2,000

At 4% 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 Suffolk Building Society Children's Regular Saver (Trust)

Jan WatermannCo-Founder, DepositScout

This account suits parents or guardians setting up a trust for a child, with a 4.00% rate that sits 0.90% above CPI inflation of 3.1% as of Aug 2026, so the money is at least growing in real terms. You can save up to £200 a month, which is a reasonable ceiling for most families. The main catch is that you cannot make partial withdrawals at all, only close the account entirely, so the money needs to be genuinely untouchable. Saffron Building Society's Ladybird 1 Year Fixed Rate Bond offers a slightly higher 4.10% if flexibility on that point matters.

Compare Savings Accounts

2 alternatives to Suffolk Building Society's Children's Regular Saver (Trust)

Same type of account, closest on rate.

Common questions about the Children's Regular Saver (Trust)

D

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4.20% AER
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