Save on behalf of a child
You will manage the account as trustee for the child.
Children's Savings Account
Start building a nest egg for your child's future
Whether saving for university, a deposit for their first home or just as a gift, a Children’s Savings Account is a great way to invest in their future.
Features and benefits
Instant access savings account
Deposit as little and as often as you want. Withdrawals are allowed but the funds must be used for the benefit of the designated child.
Available in GBP only
Only available in pound sterling.
Save until they're 18
After the child reaches 18, we’ll contact you to change the account to an adult Instant Access Savings Account.
Open an account with just £1
You can save from as little as £1 up to a maximum of £1 million.
Choice of locations
We offer a choice of locations so you can open your account in a jurisdiction that best suits your needs.
Eligibility
To open a Children's Savings Account, you must be a client of Barclays International Banking.
Account information
Here are the answers to some frequently asked questions about the Children's Savings Account
What is the interest rate?
|
Balance |
Gross rate p.a. |
AER |
|---|---|---|
|
£1+ |
0.01% |
0.01% |
|
£1,000+ |
0.45% |
0.45% |
Rates are effective 3 September 2018. Interest rate is paid monthly on the first day of the month.
What would the estimated balance be after 12 months based on a £1,000 deposit, with monthly interest being paid on the original capital and on any interest?
|
Deposit amount |
Estimated value after a year |
|---|---|
|
£1,000 |
£1,004.51 |
Can Barclays change the interest rate?
Yes, rates are variable. We can increase or decrease the interest rates as set out in ‘Barclays Bank Terms’. For more details on when we may change the interest rates and the notice that we’ll give you, please see our 'Barclays Bank Terms’ booklet which can be obtained from your usual contact point or viewed online on our terms and conditions page.
Can I withdraw money?
Yes, you’ll have instant access.
How do I open and manage my account?
You can open an account by visiting us in branch or calling us. You can manage your account in branch, or using online, telephone banking or the Barclays app – provided you’re registered.
The adult will manage the account as trustee for the child.
Please note
After the child reaches 18, we will convert the account to an adult Instant Access Savings Account in your name. Before doing so, we'll contact you to tell you the terms that will apply to the instant access account - unless you advise us otherwise.
Make your dreams, a plan
We’re ready to move, invest and preserve your wealth, so you can make the most of your world. Apply for a Barclays International Banking account today.
More ways to save
International Reserve account
Instant access savings in multiple currencies
Our International Reserve account lets you save in sterling, euros or US dollars, helping you to make the most of your money.
Notice deposit accounts
Restricted access savings
If you don't need instant access to your money, you can make it work harder for you with a notice deposit account.