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Best children’s savings accounts for 2026 - where to find the top interest rates

The Independent·Molly Greeves·about 1 month ago
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Whether you’re teaching your kids how to save their pocket money or investing in their future, opening a children’s savings account can help you access better rates. Parents in the UK put aside an average of £18,212 for their young ones, according to a study by Flagstone. More than 40 per cent of parents are saving this money for their kids ’ education or university, which is why a third plan to hand over the cash when their child turns 18. But until that day comes, you’ll want to make sure that you’re getting the best possible returns on your child’s cash, outstripping inflation and creating a base for them to build their savings from. Right now, some children’s accounts are beating the top easy-access savings for adults. Here are the best options for May 2026 – rates are correct at time of publishing but may be changed or withdrawn at any time. Nationwide This easy-access account from Nationwide offers 5 per cent interest on up to £5,000, which is currently the best rate on the market.…

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