A children’s account enables you to save for your child’s future, whether that be for educational reasons or to give them something for when they are 18. It is also a way of teaching your child about saving, the benefits of it and why it is important especially for their future, meanwhile introducing them to the world of finance. With tuition fees soaring, it may be a good idea to start saving, resulting in your child having less debt when finishing university.

We at pension calculator have rated the top five childrens savings accounts for you based on independent unbiased information; and have chosen the accounts with the highest interest rates.

This means the most amount of cash that your investment will accumulate for your child’s future:

Banks and building societies are constantly changing their terms and conditions. Take time to shop around for the best rates before making your decision. Read the terms and conditions of your account as banks and building societies often change their small print. You may find that an account with a lower interest rate would be more suitable for you due to their account guidlines.