Children's Savings

TSB Young Saver Review

A children's savings account from TSB. It ranks 40th of 73 children's savings accounts we track.

Variable rate

2.75%AER

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

Protection

FSCS£120,000

Min balance

£1

Max balance

No limit

Access

Instant

Interest paid

Quarterly

Rate Tiers

£1 – £19,999.99

2.75%AER

£20,000+

0.90%AER

How It Stacks Up

Ranks 40th of 73

Children's savings accounts we track

Below average
This account 2.75%
UK CPI (Aug 2026)
3.10%
Pays 0.35% less
Average children's savings
2.92%
Pays 0.17% less
Best children's savings
5.50%
Pays 2.75% less

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

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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

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Estimated returns with TSB's Children's Savings

What you could earn with TSB's Young Saver.

Estimated interest

£1,000 saved

£27.50

At 2.75% AER

£5,000 saved

£138

At 2.75% AER

£10,000 saved

£275

At 2.75% AER

£50,000 saved

£450

At 0.9% 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 TSB Young Saver

Jan WatermannCo-Founder, DepositScout

This account is aimed at parents or guardians looking for a simple, instant-access home for a child's savings, and the 2.75% rate is easy to open with as little as £1. One genuine catch is the tiered structure: balances of £20,000 or more drop sharply to 0.90%, so keeping the pot below that threshold matters. At 2.75%, the rate sits 0.35% below CPI inflation of 3.1% (Aug 2026), meaning money is losing purchasing power in real terms. If you want to shop around, Nationwide's Children's Future Saver currently pays 2.80%.

2 alternatives to TSB's Young Saver

Same type of account, closest on rate.

Common questions about the Young Saver

D

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Easy Access rate just dropped

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Nationwide FlexSaver Rate Down
4.20% AER
4.75%
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