Barclays Children’s Savings

Start saving for their future today

Set aside as much as you want, whenever you want.

  • 1.71% AER/ 1.70% gross per year1 variable for balances of £1 to £10,000
  • 0.15% AER/ 0.15% gross per year variable for balances over £10,000
  • Instant access to your money – through Online Banking, the Barclays app, Telephone Banking or in branch2
  • Open with as little as £1

Summary box

Account name
Barclays Children's Savings

What is the interest rate?
Effective from 1 September 2022


Gross rate per year %








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

Interest rates on the Barclays Children’s Savings account are banded. This means you’ll earn the higher rate of interest on the first £10,000 of your balance, and the lower rate of interest on your additional balance over £10,000.

Can Barclays change the interest rate?

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 and deposits for each band of interest?

Deposit amount 

Estimated value after a year





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 or using the Barclays Video Banking app. Please see the ‘How to apply’ section below for more details.

You can manage your account in branch, or using Online Banking, the Barclays app or Telephone Banking – provided you’re registered.

You can open this account with £1 – there’s no maximum balance3.


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
  • Resident in the UK

Can I withdraw money?

Yes, you can access your money anytime.

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 that account – unless you advise us otherwise.

Terms and conditions

Download the terms and conditions [PDF, 128KB] for our Barclays Children’s Savings account to learn more.

How to apply

You can apply in branch – please bring your child's birth certificate with you. If you don’t already bank with us, you’ll also need to bring proof of ID and your address.

Apply in branch

Find your nearest branch here – you can search by address, town or postcode.

If you’re an adult aged 18 or over and you’d like to open a Barclays Children's Savings account for a child younger than 18, you can use Video Banking. You’ll need to bank with us already, have the Barclays app and the Barclays Video Banking app, and have your child's birth certificate to hand. Learn more about Video Banking.

More ways to save

If the Barclays Children’s Savings account 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.



Your new ISA allowance is here

Make the most of your 2022/2023 tax-free ISA allowance. Pay into your existing cash ISA – or open a new one today with as little as £1.