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Original poster

Savings accounts for children?

6 replies

aPoundInTheHand · 11/12/2018 18:51

Children are 8 & 10. Would like to get them some sort of savings account they can deposit & withdraw from. When I was young I had a post office one & then a building society account. Thoughts on good equivalents now?

OP posts:
dementedpixie · 11/12/2018 18:54

Maybe one with your own bank? Or look on money saving expert website

Original poster
aPoundInTheHand · 11/12/2018 20:46

Don't think they can have bank accounts til 11, so maybe have to just wait

OP posts:
dementedpixie · 11/12/2018 20:52

You can have savings accounts from birth. It's current accounts you can have from age 11

dementedpixie · 11/12/2018 20:53

They can't get an account with a card under age 11 but can have savings accounts

Original poster
aPoundInTheHand · 11/12/2018 20:55

Yes was hoping for something more 'current' where they can deposit & withdraw by going in to a branch. I had accounts like that as a child so could save a bit and then get it out for holidays or a shopping trip. Just can't find anything that isn't a parent overseen child's savings account. Was hoping someone might know of options... maybe there just isn't anything Xmas Smile

OP posts:
dementedpixie · 11/12/2018 20:59

You could try a prepaid card but they do have a fee. Nimbl, GoHenry and Osper all do them from a younger age

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