Children's Savings

West Brom Building Society Children's West Brom Access Account Review

A children's savings account from West Brom Building Society. It ranks 47th of 73 children's savings accounts we track.

Variable rate

2.35%AER

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

Protection

FSCS£120,000

Min balance

£1

Max balance

£100,000

Access

Rate drops if 7+ withdrawals/year

Interest paid

Annually

Rate Tiers

Up to 6 withdrawals

2.35%AER

Standard rate for up to 6 withdrawals per account year

7+ withdrawals

1.45%AER

Lower rate applies for rest of account year if 7 or more withdrawals made

How It Stacks Up

Ranks 47th of 73

Children's savings accounts we track

Well below average
This account 2.35%
UK CPI (Aug 2026)
3.10%
Pays 0.75% less
Average children's savings
2.92%
Pays 0.57% less
Best children's savings
5.50%
Pays 3.15% 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

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Estimated returns with West Brom Building Society's Children's Savings

What you could earn with West Brom Building Society's Children's West Brom Access Account.

Estimated interest

£1,000 saved

£23.50

At 2.35% AER

£5,000 saved

£118

At 2.35% AER

£10,000 saved

£235

At 2.35% AER

£100,000 saved

£2,350

At 2.35% 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 West Brom Building Society Children's West Brom Access Account

Jan WatermannCo-Founder, DepositScout

This account suits parents or guardians saving on behalf of a child, with a £1 minimum and up to £100,000 accepted. The 2.35% rate is straightforward but sits 0.75% below CPI inflation of 3.1%, so the money loses purchasing power in real terms. The key catch is the withdrawal rule: make seven or more withdrawals in an account year and the rate drops to 1.45% for the remainder of that year. Stafford Building Society's First Track (Children) matches 2.35% and is worth a look if branch access matters less.

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2 alternatives to West Brom Building Society's Children's West Brom Access Account

Same type of account, closest on rate.

Common questions about the Children's West Brom Access Account

D

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Nationwide FlexSaver Rate Down
4.20% AER
4.75%
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