Protection
FSCS£120,000
Min balance
£1
Max balance
No limit
Access
Instant
Interest paid
Annually
How It Stacks Up
Ranks 13th of 78
Children's savings accounts we track
This account 4.07%
- UK CPI (Aug 2026)
- 3.10%
- Pays 0.97% more
- Average children's savings
- 3.02%
- Pays 1.05% more
- Best children's savings
- 6.00%
- Pays 1.93% less
Inflation: ONS. Averages and best rates: accounts on DepositScout.
A Good Fit For
- Pro: New and existing savers
- Pro: Savers who want instant access
Worth Weighing Up
- Con: The rate is variable, so it can go down
Good to Know
For children under 19, opened by the child or a parent, grandparent or legal guardian (under-11s must be run by the adult). New applicants must live in Wales; existing Swansea members anywhere in the UK can also open one. Up to five Young Saver accounts per person. At 19 the balance moves to another Swansea account unless instructed otherwise. Society-wide maximum £1.5m.
Please verify all details with the provider – see our Disclaimer
See all Swansea Building Society accounts
