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Barclays Children’s Savings
Start saving for their future today
If you don't already bank with us, you can book an appointment.
Already have a Barclays Children’s Savings account? Pay into your account.
- 2.68% AER/ 2.65% gross p.a.1 variable for balances of £1 to £10,000
- 1.16% AER/1.15% gross p.a. variable for balances over £10,000
- Instant access to your money
- Manage your account using our app, Online Banking2, by phone or in a branch
- Open with as little as £1. If you want to save regularly, you can set up a standing order.
Summary box
Account name
Barclays Children's Savings
What is the interest rate?
Rates effective from 1 September 2023 to 3 August 2025
|
Balance |
Gross rate per year % |
AER % |
|---|---|---|
|
£1-£10,000 |
2.65 |
2.68 |
|
£10,000+ |
1.15 |
1.16 |
Rates effective from 4 August 2025
|
Balance |
Gross rate per year % |
AER % |
|---|---|---|
|
£1-£10,000 |
2.55 |
2.58 |
|
£10,000+ |
1.10 |
1.11 |
Interest is calculated daily using your statement balance and is paid on the first working day of each month.
Interest rates on the Barclays Children’s Savings account are banded. This means you’ll earn the higher rate of interest on the first £10,000 of your balance, and the lower rate of interest on your additional balance over £10,000.
Can Barclays change the interest rate?
Yes, rates are variable. We can increase or decrease the interest rates for the reasons set out in our ‘Barclays and you’ booklet, which is available in branch, or you can read our Terms and conditions for Personal customers. Both also explain when we may change the interest rates, and the notice we’ll give you.
What would the estimated balance be after 12 months, based on a £1,000 deposit and deposits for each band of interest?
Rates effective from 1 September 2023 to 3 August 2025
|
Deposit amount |
Estimated value after a year |
|---|---|
|
£1,000 |
£1,026.84 |
|
£10,000 |
£10,266.40 |
The estimated value is based on no change to the interest rate during 12 months and no withdrawals made.
Rates effective from 4 August 2025
|
Deposit amount |
Estimated value after a year |
|---|---|
|
£1,000 |
£1,025.80 |
|
£10,000 |
£10,256.31 |
How do I open and manage my account?
If you already bank with us, you can open this account by booking a video appointment. You’ll just need your Barclays app and an eligible document for your child – the child won’t need to be with you.
If you don’t bank with us, you’ll need to book a branch appointment, and the child will need to be with you while we open the account. Please also bring an eligible document for your child, your ID and proof of your address.
You can manage your account in the Barclays app, Online Banking, Telephone Banking or in a branch.
Eligibility
To apply for this account, you must be
- At least 18 to save for the benefit of a child under 18. The adult operates the account as trustee for the child
- Resident in the UK.
Eligible documents for your child
For your appointment, you'll need one of the following documents belonging to the child you’re opening the account for:
- Birth certificate
- Passport – even if it’s expired
- NHS medical card
- Hospital appointment letter
- European Health Insurance Card (EHIC)
- Adoption or guardianship papers.
Can I withdraw money?
Yes, you can access your money anytime.
Additional information
After the child reaches 18, we’ll convert the account to an adult instant-access account. Before doing so, we’ll contact you to tell you the terms that will apply to that account – unless you advise us otherwise.
Terms and conditions
Download the terms and conditions [PDF, 128KB] for our Barclays Children’s Savings account to learn more.
How to apply
Depending on whether you already bank with us, you can apply using Video Banking, or in a branch.
Apply using Video Banking
If you already bank with us, you can apply for this account in a video appointment. You’ll just need your Barclays app and an eligible document for your child to hand for your appointment – the child won’t need to be with you.
Appointments last around 45 minutes. We can only open one account at a time – you’ll need to make a new appointment for each account you’d like to open.
Apply in a branch
If you don’t bank with us, you can book a branch appointment, and the child will need to be with you while we open the account. Please also bring an eligible document for your child, your ID and proof of your address.
More ways to save
If the Barclays Children’s Savings account isn't what you’re looking for, we have other options for you to consider.
ISAs
Earn tax-free interest with instant access to your whole balance. Make the most of this tax year’s ISA allowance of £20,000 and feel good about saving.