Children's Savings

Suffolk Building Society Family Tree (Trust) Review

A children's savings account from Suffolk Building Society. It ranks 44th of 73 children's savings accounts we track.

Variable rate

2.60%AER

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

Protection

FSCS£120,000

Min balance

£10

Max balance

£50,000

Access

Unlimited

Interest paid

Annually

How It Stacks Up

Ranks 44th of 73

Children's savings accounts we track

Below average
This account 2.60%
UK CPI (Aug 2026)
3.10%
Pays 0.50% less
Average children's savings
2.92%
Pays 0.32% less
Best children's savings
5.50%
Pays 2.90% 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.

Please verify all details with the provider – see our Disclaimer

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

What you could earn with Suffolk Building Society's Family Tree (Trust).

Estimated interest

£1,000 saved

£26.00

At 2.6% AER

£5,000 saved

£130

At 2.6% AER

£10,000 saved

£260

At 2.6% AER

£50,000 saved

£1,300

At 2.6% 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 Family Tree (Trust)

Jonny PeaseCo-Founder, DepositScout

This is a trust-based children's savings account from Suffolk Building Society, so it suits families who want to hold money formally on behalf of a child rather than in the child's own name. The rate sits at 2.60%, which is 0.50% below CPI inflation of 3.1% as of Aug 2026, meaning the money loses purchasing power in real terms. Access is unlimited and the minimum is just £10, which is practical, but the £50,000 cap is worth noting for larger trust arrangements. Cambridge Building Society's First Account pays 2.70% if you want a straightforward alternative without the trust structure.

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2 alternatives to Suffolk Building Society's Family Tree (Trust)

Same type of account, closest on rate.

Common questions about the Family Tree (Trust)

D

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4.20% AER
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