Skip to main content

Best savings rates - Junior Isas and children's accounts

Why these are the web's best savings tables: they are completely independent and unique...

Accounts with catches are stripped out or shown separately Compiled by savings expert Sylvia Morris (see below) Unlike other web tables, providers do not have to pay to appear. Also: Easy access| Fixed-rates| ISAs| Monthly income| Junior ISAs | 50+ JUNIOR CASH ISAS Bank/building society (min investment) 0% 20% 40% (1) You need to give the society 45 days' notice if you want to switch out of this account. (2) You lose 90 days' interest if you transfer out of this account. (3) Rate includes a 1.15 percentage point bonus, fixed to 31 January 2015. (4) For those living in Wales (5) Includes a 0.5 percentage point bonus paid until 31 March 2014. (7) If an adult running the Junior cash Isa has an Isa with the bank this rate doubles to 6 per cent (8) Rate includes a 1 percentage point bonus as long as you add money to the account each month. - Open an account Nationwide BS(£1+)(3) 3.25 3.25 3.25 Coventry BS(£1+) 3.25 3.25 3.25 Furness BS(£1+) 3.05 2.44 1.83 Mansfield BS(£1+) 3.05 3.05 3.05 Market Harborough BS(£3,000+) 3.05 3.05 3.05 Skipton BS(£1+) 3.02 3.02 3.02 National Counties BS(£3,000+)(1) 3.01 3.01 3.01 Beverley BS(£10+) 3.00 3.00 3.00 Monmouthshire BS(£10+) (5) 3.00 3.00 3.00 Lloyds TSB(£1+) 3.00 3.00 3.00 Bank of Scotland(£1+) 3.00 3.00 3.00 Halifax(£1+)(7) 3.00 3.00 3.00 Newcastle BS(8) 3.00 3.00 3.00 Tesco Bank(£1+) 3.00 3.00 3.00 Swansea BS(£1+) (4) 2.75 2.75 2.75 Bath BS(£1+) 2.70 2.70 2.70 Newcastle BS 2.60 2.60 2.60 Dudley BS(£2,500+) 2.50 2.50 2.50 Newbury BS(£50+) 2.50 2.50 2.50 Market Harborough BS(£1+) 2.50 2.50 2.50 Ipswich BS(£10+) 2.40 2.40 2.40 Triodos Ethical Junior cash Isa(£50+) 2.00 2.00 2.00 How children's accounts work:

- Children, like adults, have a personal allowance of £9,440 for the 2013-2014 tax year. They can earn up to this amount in interest before paying tax.

- Parents need to fill out an R85 form - available at every bank - for each children's account opened so that tax isn't paid on savings. If tax is mistakenly paid, use an R40 form to claim back.

- Parents (and step-parents) can gift their children as much money as they like, but there is a rule that the money can only earn up to £100 in interest a year tax-free. Money given by grandparents and other adults is not subject to this cap.

CHILDREN'S SAVINGS RATES Type of account (min investment) 0% 20% 40% (1) Only available to those living within the society's branch network area (2) Plus 0.25 per cent of the average monthly balance to Great Ormond Street Children's Charity (3) For those aged 11 to 17 only. (4) Includes a bonus of 0.5 percentage points for the first year. (5) You need to have a Lloyds Bank current account to open this account. Lloyds TBS Young Saver (5) 3.00 2.40 1.80 Halifax Young Saver(£1+) 3.00 2.40 1.80 Bank of Scotland Young Saver(£1+) 3.00 2.40 1.80 Swansea Cygnet (£1+) (1) 2.75 2.20 1.65 Skipton Leap Issue 2(£25+)(4) 2.75 2.20 1.65 Stafford Railway BS First Track(£1+) 2.25 1.80 1.35 Chorley BS Young Chorlean(£5+)(1) 2.00 1.60 1.20 Chelsea Ready Steady Save(£1+) 2.00 1.60 1.20 C&G Young Investor(£1+) 2.00 1.60 1.20 Virgin Young Saver Issue 2 (£1) 2.00 1.60 1.20 Norwich & Peterborough Young Saver(£1+) 1.75 1.40 1.05 Yorkshire BS Freedom/One Day(£1+) 1.75 1.40 1.05 Cambridge First Account(£1+) 1.70 1.36 1.02 Furness BS Young Saver 1.75 1.40 1.05 Newbury Young Saver(£1+) 1.65 1.32 0.99 Saffron BS Ladybird(£1+) 1.50 1.20 0.90 Kent Reliance Peter Pan(£10+)(2) 1.25 1.00 0.75 Principality BS Young Saver(£1+) 0.90 0.72 0.54 Coventry BS intro(£20+) (3) 0.85 0.68 0.51 Nationwide BS Smart(£1+) 0.75 0.60 0.45

CHILDREN'S SAVINGS RATES - Fixed rates Type of account (min investment) 0% 20% 40% (1) Regular savings of £10-£100 per month aimed at parents saving for children (up to the age 16). After 12 months the money is moved into another account. (3) Fixed for five years. (4) Fixed for 14 months (5) Fixed for two years (6) Fixed for three years (7) Fixed for four years - Open an account Halifax(£10+) (1) 6.00 4.80 3.60 Halifax(7) 2.45 1.96 1.47 Halifax(6) 2.40 1.92 1.44 Halifax(5) 2.30 1.84 1.38 Nationwide BS Smart Bond(£1+) (4) 2.00 1.60 1.20

All our best savings rates tables... 

General savings (internet, branch-based) Fixed-rate accounts Phone/postal accounts Best cash Isas Junior Isas and children's savings accounts Child Trust Funds (CTFs) National Savings Monthly income savings accounts Offshore accounts Accounts for older savers (50+)

ALSO: Premium Bonds winning numbers table

Dear Reader,

These tables are unique on the web. They are independent and providers are not forced to pay to appear, which is typically the case at big comparison sites.

Sylvia Morris

They are completely unbiased - we simply show the best rates around and don't do 'featured deals'.

We've gone a step further, too. To feature in the best buys on variable rate accounts in our savings tables, an account must give you easy access to your money and come with no hidden catches.

In the past we have refused to include accounts where the rate is boosted by a short-term bonus or those with over-restrictive conditions so you only earn the advertised rate if you make three or less withdrawals a year.

But with interest rates so low, most of today's best deals have some sort of clause built in, whether that's a bonus or a restriction on withdrawals.

For that reason, we've included decent bonuses as long as they last for at least 12 months. This is to avoid your having to switch your account too often when short-term bonuses run out.

If there is a restriction on withdrawals we have made this clear in the notes on each account.

We also ignore old-style 'notice' accounts where the bank or building society can demand you give up to six months' notice that you want to take our money out while it can change the rate at any time without warning.

All banks and building societies are registered with the Financial Services Authority and signed up to the Financial Services Compensation Scheme, either directly (protecting up to £85,000) or via its passport scheme (where the compensation limit depends on the bank's home country. In Europe it is €100,000).

Sylvia Morris, This is Money savings tables expert

If you have a question about the tables email sy.morris@dailymail.co.uk and editor@thisismoney.co.uk

Loopholes to exploit and dangers to avoid: sign up to our newsletter

Popular posts from this blog

Study Abroad USA, College of Charleston, Popular Courses, Alumni

Thinking for Study Abroad USA. School of Charleston, the wonderful grounds is situated in the actual middle of a verifiable city - Charleston. Get snatched up by the wonderful and customary engineering, beautiful pathways, or look at the advanced steel and glass building which houses the School of Business. The grounds additionally gives students simple admittance to a few major tech organizations like Amazon's CreateSpace, Google, TwitPic, and so on. The school offers students nearby as well as off-grounds convenience going from completely outfitted home lobbies to memorable homes. It is prepared to offer different types of assistance and facilities like clubs, associations, sporting exercises, support administrations, etc. To put it plainly, the school grounds is rising with energy and there will never be a dull second for students at the College of Charleston. Concentrate on Abroad USA is improving and remunerating for your future. The energetic grounds likewise houses various

Best MBA Online Colleges in the USA

“Opportunities never open, instead we create them for us”. Beginning with this amazing saying, let’s unbox today’s knowledge. Love Business and marketing? Want to make a high-paid career in business administration? Well, if yes, then mate, we have got you something amazing to do!   We all imagine an effortless future with a cozy house and a laptop. Well, well! You can make this happen. Today, with this guide, we will be exploring some of the top-notch online MBA universities and institutes in the USA. Let’s get started! Why learn Online MBA from the USA? Access to More Options This online era has given a second chance to children who want to reflect on their careers while managing their hectic schedules. In this, the internet has played a very crucial in rejuvenating schools, institutes, and colleges to give the best education to students across the globe. Graduating with Less Debt Regular classes from high reputed institutes often charge heavy tuition fees. However onl

Sickening moment maskless 'Karen' COUGHS in the face of grocery store customer, then claims she doesn't have to wear a mask because she 'isn't sick'

A woman was captured on camera following a customer through a supermarket as she coughs on her after claiming she does not need a mask because she is not sick.  Video of the incident, which has garnered hundreds of thousands of views on Twitter alone, allegedly took place in a Su per Saver in Lincoln, Nebraska according to Twitter user @davenewworld_2. In it, an unidentified woman was captured dramatically coughing as she smiles saying 'Excuse me! I'm coming through' in the direction of the customer recording her. Scroll down for video An unidentified woman was captured dramatically coughing as she smiles saying 'Excuse me! I'm coming through' in the direction of a woman recording her A woman was captured on camera following a customer as she coughs on her in a supermarket without a mask on claiming she does not need one because she is not sick @chaiteabugz #karen #covid #karens #karensgonewild #karensalert #masks we were just wearing a mask at the store. ¿ o