Easy Access Childrens Accounts

Let's look at our requirements for a kid's bank account. Most banks and building societies offer savings accounts for children, but it's important to understand how the account will work in practice.

• Paying in It wants to have physical branch access, as the child will most likely be paying in small amounts of cash on a regular basis.
• Withdrawing It wants a cash card, so that withdrawals are straightforward too - or maybe a cash card is too easy, in which case branch access is the way to withdraw money.
• Interest Introductory offers and withdrawal penalties are confusing for adults, so just avoid them for a child account. If they can learn to understand how the interest rate works, without any complicated clauses or options, then that's probably best.

Potential Savings Account Providers

Here is a list, in no particular order, of the high-street banks/building societies that I've come across that seem to offer a decent, easy-access, no-nonsense savings account for a child.

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