Savings accounts designed for children to manage their own savings and for parents, friends and family to save for a child's future.
Our Smart Junior ISA is a tax-efficient way for an adult to save and invest on behalf of a child and is available to UK resident children under 16 who have never been issued with a Child Trust Fund voucher. Includes a fixed introductory bonus rate until 31 January 2015 which reverts to a lower rate once the bonus has expired. Open with £1+. Minimum age 0.
Rates effective from 14/03/2012
Rates are variable. This is a cash Junior ISA.
A branch based, 90 day notice account that may be opened by an adult on behalf of a child under the age of 18 years, includes the reassurance of a Rate Promise. Open with £100+.
Rates effective from 24/10/2011
Rates are variable. The annual interest rate (AER) is guaranteed to pay 1.60% above the Bank of England Base Rate until 1 January 2015 and will track changes in the Base Rate. Any changes will be made within one month of a Bank of England announcement.
A branch based account that allows you to save a lump sum and earn a fixed rate of interest on your savings. May be opened by an adult on behalf of a child under the age of 18 or by anyone aged 7 years or over.
Rates effective from 08/11/2013
Rates are fixed.
Instant access savings account for 0-17 year olds. If you are 11 or over you can choose to have a cash card and manage your savings online. Minimum age 0.
Rates effective from 01/04/2009
Rates are variable.
Cash savings fund open to children born between 1 September 2002 and 2 January 2011, to help you save for your child’s future. No minimum age. In light of the Government announcement to end the Child Trust Fund (CTF) scheme, Nationwide no longer accepts new applications. If you hold an existing CTF with another provider, you can transfer it to Nationwide.
Rates are variable. Cash Child Trust Fund pays a conditional bonus of 1.00% gross p.a. which will only be paid if £240 or more is paid into the account each year. This does not include Government contributions. The bonus is variable. Funds can only be accessed on your child’s 18th birthday.
Many of our Fixed Term Bonds can be opened in trust for a child, making them a great way to save for a child's future.
Limited access accounts could give you a higher rate of interest if you don't need immediate or unlimited access to your savings.
Accounts with unlimited instant access, giving you the highest level of flexibility. You can deposit or withdraw your money whenever you need to.
Interest rate definitions:
The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change.
FSCS - Protecting your money. Find out more
Your eligible deposits with Nationwide Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. This limit is applied to the total of any deposits you have with the following: Nationwide Building Society, Cheshire Building Society, Derbyshire Building Society, Dunfermline Building Society and Nationwide UK (Ireland). Any total deposits you hold above the £85,000 limit between these brands are not covered.
Please click here for further information or visit www.fscs.org.uk