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Account name
Barclays Children's Savings
What is the interest rate?
Effective from 28 July 2020
Balance |
Gross rate per year % |
AER % |
---|---|---|
£1+ |
1.50 |
1.51 |
£10,000+ |
0.01 |
0.01 |
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.
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.
Deposit amount |
Estimated value after a year |
---|---|
£1,000 |
£1,015.10 |
£10,000 |
£10,150.01 |
The estimated value is based on no change to the interest rate during 12 months and no withdrawals made.
You can open an account in branch or using the Barclays Video Banking app. Please see the ‘How to apply’ section below for more details.
You can manage your account in branch, or using Online Banking, the Barclays app or Telephone Banking – provided you’re registered.
You can open this account with £1 – there’s no maximum balance3.
To apply for this account, you must be
Yes, you can access your money anytime.
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.
Download the terms and conditions [PDF, 272KB] for our Barclays Children’s Savings account to learn more.
You can apply in branch – please bring your child's birth certificate with you. If you don’t already bank with us, you’ll also need to bring proof of ID and your address.
Find your nearest branch here – you can search by address, town or postcode.
If you’re an adult aged 18 or over and you’d like to open a Barclays Children's Savings account for a child younger than 18, you can use Video Banking. You’ll need to bank with us already, have the Barclays app and the Barclays Video Banking app, and have your child's birth certificate to hand. Learn more about Video Banking.
If the Barclays Children’s Savings account isn't what you’re looking for, we have other options for you to consider.
Put your money away for a fixed rate of return
If you’re serious about saving, you can lock your money in one of our bonds, and know exactly what interest it’ll earn.
Your new ISA allowance is here
Make the most of your 2021/2022 tax-free ISA allowance. Pay into your existing cash ISA – or open a new one today with as little as £1.