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Interest rate

3.05%
AER/gross a year (variable)

If you deposit £1,000, we will pay you £30.50 in interest. This is based on the current interest rate and if you make no more than 1 withdrawal in an account year.

The interest rate is variable, which means it can go up or down. We pay interest annually.

How this account works

  • This savings account is for adults with parental responsibility to save money for their child’s future. The child must be aged under 18, and you can have one account per child.
  • The money is held in one adult’s name and can only be accessed by that adult.
  • When the child turns 18 and a half, we will move the money to an instant access savings account. You can then decide what to do with the child’s savings.
  • If you withdraw money 2 or more times in an account year, your interest rate will decrease to 1.35% AER/gross a year (variable) for the rest of the account year.

Who can apply

To apply for this savings account, you must:

  • be 18 or over
  • be a UK resident
  • save for a child under 18 who you have parental responsibility for and who lives with you at least some of the time
  • apply for your account in branch

You can only be named on one Children’s Future Saver per child.

Summary box for Children’s Future Saver 3

This summary box sets out the key features of the savings account. For full details, read the account terms and conditions.

Download and read your savings account documents

Make sure you read and save or print the summary box and full terms and conditions before beginning your application.

Apply for this savings account

Apply in branch

You can only open a Children’s Future Saver in person at a Nationwide branch.

You will need to bring ID for both you and the child as well as proof of your address.

Open a children’s savings account

If your child would like to open a savings account in their name, they could apply for a FlexOne Saver. They will need to be aged 11 to 17 and open a FlexOne current account.

Help for customers

If you have a savings account with us, we are here to support you.

Quick links:

Protecting your money

The Financial Services Compensation Scheme (opens in a new window) (FSCS) is a free, independent service that protects up to £85,000 of your eligible money at Nationwide.