Children’s Future Saver
- A limited access savings account for parents or guardians with parental responsibility.
- Save up to £5,000 a year for your child’s future.
Why choose a Children’s Future Saver?
Interest rate
3.55% AER/gross a year (variable).
This means the interest rate can go up or down.
Manage your money
Online, either using our banking app or internet bank, or in branch over the counter.
Access to your money
If you make more than 1 withdrawal in an account year, the rate drops to 1.80% AER/gross a year (variable) for the rest of that account year.
Designed for
Parents or guardians with parental responsibility for the child they are saving for
Parents who want to put away up to £5,000 per year for their child aged up to 17
Parents who are happy to make only 1 withdrawal a year
Savers who are happy to apply for their account in branch
Not designed for
Parents who want to put away more than £5,000 per year for their child
Parents who want to save money for their adult children, aged 18 or over
Parents who want to be able to make more than 1 withdrawal a year
Savers who want to apply for their account online
Information:
Apply for a Children's Future Saver
You can only open this account in branch.
Savings and ISA help
Useful guides to help you manage your account and understand the different ways to save.
Protecting your money
The Financial Services Compensation Scheme (opens in a new window) (FSCS) is a free, independent service that protects up to £85,000 of your eligible money at Nationwide.