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Children’s Instant Saver

Start saving for their future today

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

  • 1.87% AER/1.85% gross per year1 variable for balances of £1 to £1 million
  • Instant access to your money – through online, mobile and telephone banking or in branch2
  • Open with as little as £1

Account information

Account name
Children’s Instant Saver - Issue 1.

What is the interest rate?
Interest rates for balances of £1+, effective from 3rd September 2018.

saver

Balance

Gross rate per year %

AER %

£1+

1.85

1.87

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?

Yes, rates are variable. The interest rate on our Children's Instant Saver - Issue 1 will never fall below 1.50% gross per year (1.51% AER).

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?

Deposit amount?

Estimated value after a year

£1,000

£1,018.66

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, Barclays Mobile Banking 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.

Eligibility

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 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.

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Apply in branch

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

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.

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Cash ISAs

Your ISA allowance – when it’s gone, it’s gone.

You only have until 5 April to use your 2018/19 ISA allowance of £20,000. Don’t miss your chance to save without paying tax on any interest your ISA makes.