Children's Savings

Suffolk Building Society Suffolk Young Saver 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

£25,000

Access

Instant

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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Pros and cons

  • Pro: Savers who want instant access
  • Con: The rate is variable, so it can go down

Good to Know

For savers aged 0-20.

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See all Suffolk Building Society accounts

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

What you could earn with Suffolk Building Society's Suffolk Young Saver.

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

£25,000 saved

£650

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 Suffolk Young Saver

Jonny PeaseCo-Founder, DepositScout

This account is aimed at children and young savers, opening with as little as £10 and accepting up to £25,000. The rate sits at 2.60%, which is 0.50% below CPI inflation of 3.1% as of Aug 2026, so the money is losing purchasing power in real terms. I have no market comparison data to judge where 2.60% sits against the wider children's savings field, but Cambridge Building Society's First Account is paying 2.70% if you want to close that inflation gap slightly. Interest is paid annually, so there is nothing to compound mid-year.

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2 alternatives to Suffolk Building Society's Suffolk Young Saver

Same type of account, closest on rate.

Common questions about the Suffolk Young Saver

D

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Nationwide FlexSaver Rate Down
4.20% AER
4.75%
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