Smart Children’s Savings Account
Our Smart instant access account is a great way for under 18's to start saving.
Key features
- Smart pays the same interest rate on every pound in your account - no matter how much you have in it - making saving much simpler
- Save as much or as little as you want, whenever you want
- Make as many withdrawals as you like
- Choose to have a cash card when you're 11 or over
- Apply in any or online if you're 11 or over
- Open your account with as little as £1
- Part of our Children's Saving Range - accounts designed for children to manage their own savings
and for parents, friends and family to save for a child's future
Interest Rates
| Balance |
Withdrawals per year |
AER% |
Gross p.a.% |
Net p.a.% |
| £1+ |
Unlimited |
0.75 |
0.75 |
0.60 |
- Rates are variable
- Maximum 1 account holder if opened by a child aged 7 or over, or 2 account holders if opened by an
adult on behalf of a child under 16
- Minimum age 0, maximum age 18
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
The net rate of interest is the interest payable after any income tax is deducted (if you do pay tax).
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
FSCS - Protecting your money
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