Children's Savings

Vernon Building Society Young Saver Review

A children's savings account from Vernon Building Society. It ranks 32nd of 73 children's savings accounts we track.

Variable rate

3.00%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

Annually

How It Stacks Up

Ranks 32nd of 73

Children's savings accounts we track

Just above average
This account 3.00%
UK CPI (Aug 2026)
3.10%
Pays 0.10% less
Average children's savings
2.92%
Pays 0.08% more
Best children's savings
5.50%
Pays 2.50% 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 Vernon Building Society's Children's Savings

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

Estimated interest

£1,000 saved

£30.00

At 3% AER

£5,000 saved

£150

At 3% AER

£10,000 saved

£300

At 3% AER

£50,000 saved

£1,500

At 3% 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 Vernon Building Society Young Saver

Jonny PeaseCo-Founder, DepositScout

Vernon Building Society's Young Saver pays 3% on instant-access children's savings, which you can open with as little as £1. At 3%, the rate sits just 0.10% below CPI inflation of 3.1% (Aug 2026), so in real terms the money is very slightly losing purchasing power, which is worth knowing even if it is hard to avoid in the current children's savings market. I cannot say how it stacks up against the broader market from the data I have, but similar rates of 3.00% appear at Beverley Building Society, Marsden Building Society, and Saffron Building Society, so it is worth checking those too.

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2 alternatives to Vernon Building Society'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

A top provider just cut their rate. Here's what you need to know about the latest market shift.

Nationwide FlexSaver Rate Down
4.20% AER
4.75%
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