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Kid savings account

4 replies

Lalanbaba · 22/11/2025 17:40

Hi everyone,
LO just turned 7 and I want to start giving her pocket money, I want to open a savings account for her so she can see her money growing and show her interest too.
Is there any account like that?
From 7 years old
Parents can access online
No need for Jisa as no point regarding tax and don't want the money locked away until 18

All I can found is either a subscription (go Henry) being pointless as I don't want a credit card yet and the subscription is more than the interest on her pocket money or you have to go physically to the bank branch and we are not driving 30 min every week for pocket money

Any suggestions?

OP posts:
namechange3651 · 22/11/2025 18:15

I like the Monzo U16s account - DS does have a card but obviously you don’t have to hand that over! The savings pots are really useful (I put all his money in the main account and then we allocate it out into long term savings and various pots for toys he wants) and done in a very kid-friendly way, and you can see the savings and interest build up. You do need an account with them yourself but they are both free to set up.

OldSchoolCasualty · 22/11/2025 19:18

I've got a Kite space on my Starling account for my little one, she can have a card and I can transfer straight into it. I can see where she's spending money if she does and it's restricted to where it can me used. No fee either!

mondaytosunday · 22/11/2025 19:45

My kids have savings account with NatWest. Not quite as young as 7 but I think my DD was 9. I have access to it (still even though both are over 18 now). They were allowed debit cards on it from what age I can’t remember but we never did that, as my son would have spent all his the first day!

IMTHECRAZYOLDLADY · 22/11/2025 20:26

I also use NatWest for children's accounts.
Dd has her debit card now, she's 16. But doesn't spend at all, except minimally and loves seeing her savings

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