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Best savings accounts for babies?

2 replies

HPmummy19 · 06/01/2021 19:32

Hi!
Hoping someone can advise me what the best savings accounts out there are for young children? Can anyone tell me which banks they use?
Just want to be able to deposit a sum of money each month into an account for my son when he's older, and also put money in there from friends/family that is gifted to him. TIA 🙂

OP posts:
NeedCoffeeToSurvive · 07/01/2021 11:34

We use Natwest for our son, we deposit each month into it and family/friends can deposit if they want, it's free and you can deposit/withdraw as much and as often as you like. They offer really good children's savings accounts and they send you a cute little welcome pack with a piggy bank, kids activity sheets, stickers and tips on teaching children about money. They have a much higher interest rate than normal adult accounts.

movingonup20 · 07/01/2021 11:37

Always used NatWest too, saved enough over 18 years for university maintenance

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