Children's Regular Saver

Save up to £1,200 for your child in a year

How to apply

With this account, you can set aside money every month for your little one – and have access to your savings if you need it.

3.50% AER/3.45% gross per year¹ for months with no withdrawals
1.51% AER/1.50% gross per year¹ for months with withdrawals
You’ll have instant access to your money
Save from £5 to £100 per month by standing order for a 12-month term

Summary box

Account name
Children’s Regular Saver - Issue 1

What is the interest rate?
Effective from 12 November 2012.

Balance	Gross rate per year %	AER %
Higher interest rate is paid when no payments have been made out of the account since interest was last paid into the account	3.45	3.50
Lower interest rate is paid when one or more payments have been made out of the account since interest was last paid into the account	1.50	1.51

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

Can Barclays change the interest rate?

No, the rates are fixed for the 12-month term.

What would the estimated balance be after 12 months based on a £100 deposit per month?

Estimated value after a year, if all conditions are met every month:	Estimated value after a year, if all conditions aren’t met every month:
£1,222.75	£1,209.83
This is where no payments are made out of the account for the whole 12-month term	This is where payments are made out of the account every month of the 12-month term

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, Barclays Mobile Banking or Telephone Banking – provided you’re registered².

You can make monthly deposits of at least £5, but not more than £100.

A maximum deposit of £1,200 over the 12 month-term can be made to the account³.

Eligibility

To apply for this account, you must

Be at least 18 to save on a regular basis for the benefit of a child under 16. The parent, guardian or other adult operates the account as trustee for the child
Be resident in the UK for tax purposes

Can I withdraw money?

Yes, you’ll have instant access. The lower interest rate is paid where one or more payments have been made out of the account since interest was last paid in. At the end of the 12-month term, Children’s Instant Saver - Issue 1 accounts convert to the Children’s Instant Saver account, as available at the time. We’ll confirm these details with you at the time your Children’s Regular Saver - Issue 1 account converts.

Additional information

If the total deposited into your account over the 12-month term exceeds £1,200, no interest will be paid on the excess amount deposit.

Apply for the Children’s Regular Saver

You can apply for this account in branch – please bring your child's birth certificate with you. If you're new to Barclays, you’ll also need to provide proof of ID.