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Children's Savings Account
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At a glance
About
An easy way to save for 7 to 17 year olds. Start saving from just £10, whether it's your pocket money or wages from your job.
Interest rate
Up to £3,000: 4.00% AER / 3.93% gross
Over £3,000: 1.20% AER / 1.19% gross
Often used for
Children aged 7 to 17
Starting a savings habit early in life
Saving what you want, when you want
Access
Instant access
Balance/deposit requirements
Min: £10
No maximum
Who can apply?
Eligibility criteria
- You're 7 to 17 years old
- You and your parents or guardians can provide proof of your identity and address. If your parent or guardian has an HSBC current account (not including business accounts) then only you will have to provide proof of identity
- You're aged 16 or above and you can provide your own proof of identity and address
Find out more
Additional information
Select savings accounts to compare
You can choose up to 4
Tax-free savings, with a fixed rate for up to 13 months. For current account customers only.
Get a higher interest rate in any months you don't make a withdrawal. For existing HSBC customers only. You can only open this account online.
Save between £25 and £250 every month with a 12-month fixed rate account. Available to customers with a current account (excluding Appointee / Executor Account).
Save for 1 or 2 years. For current account and savings account customers only (not including Appointee/Executor Account, Loyalty Cash ISA or Regular Saver).
Tax-free savings with instant access to your money. For current account customers only.
Our most flexible savings account. Deposit money and make withdrawals as often as you like, and access your account the way you want.
Help your money work harder with our flexible savings account exclusively for HSBC Premier customers.
An easy way to save for 7 to 17 year olds. Start saving from just £10, whether it's your pocket money or wages from your job.