Children’s Instant Saver

Start saving for their future today

Set aside savings for your children – as much as you want, whenever you want.

  • 1.51% AER/ 1.50% gross per year1 variable for balances of £1 to £10,000
  • 0.01% AER / 0.01% gross per year variable for balances over £10,000
  • Instant access to your money – through online banking, the Barclays app, telephone banking or in branch2
  • Open with as little as £1

Summary box

Account name
Children’s Instant Saver - Issue 1.

What is the interest rate?
Effective from 28 July 2020


Gross rate per year %








Interest is calculated daily using your statement balance and is paid on the first working day of each month.

Interest rates on the Children’s Instant Saver - Issue 1 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?

Deposit amount 

Estimated value after a year





The estimated value is based on no change to the interest rate during 12 months and no withdrawals made.

How do I open and manage my account?

You can open an account in branch. 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 – For accounts opened before 23 January 2017 there’s no maximum balance3.


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
  • Be resident in the UK for tax purposes

Can I withdraw money?

Yes, instant access.

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 the instant access account – unless you advise us otherwise.

Terms and conditions

Download our Children’s Instant Saver terms and conditions [PDF, 147KB] for additional information.

How to apply

You can apply for this account in branch – please bring your child's birth certificate with you. If you don’t already bank with us, you’ll also need to provide proof of ID.

Apply in branch

Here you can find your nearest branch – simply search by address, town or postcode.

If you’re a parent or guardian with a child under 18 and you’d like to open a Children's Instant Saver, you can open it via Video Banking. You’ll need to bank with us already, have the Barclays app, the Barclays Video Banking app and your child's birth certificate to hand. Learn more about Video Banking.

More ways to save

If the Children's Instant Saver isn't what you’re looking for, we have other options for you to consider.

Savings bonds

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 2020/2021 tax-free ISA allowance. Pay into your existing cash ISA – or open a new one today with as little as £1.