Why choose Future Saver?

Interest rate

1.25% AER/gross a year (variable) if you have a main current account with us.
0.75% AER/gross a year (variable) for all other customers.

Access to your money

Limited to one withdrawal per account year
Make more than one and the rate drops to 0.25% AER/gross p.a. (variable)

Manage your money

Online and in branch

Designed for:

  • Parents and adults with parental responsibility looking to save for a child's future

  • Savers who want to open an account for a child aged up to 15

  • Savers who want to deposit up to £5,000 per account year

Not designed for:

  • Savers who do not have parental responsibility for a child

  • Savers who want to open an account for a young person aged 16 or over

As the adult, you will be the account holder managing the money on behalf of the child. You will have control of any withdrawals from the account. If you’re not already, you’ll become a member of Nationwide when you open a Future Saver, but your child won’t.


If you’re a foster carer, friend or relative of a child in care, you cannot open a Future Saver account for them unless you’ve been granted parental responsibility or a Special Guardianship Order. A Future Saver account can only be opened by those with parental responsibility for a child. Instead, you can speak to The Share Foundation (opens in a new window) about saving money in the child’s Child Trust Fund or Junior ISA.

Eligibility terms explained

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Account details

Explore the key features and benefits of this account in our Summary Box before moving on to start your application.


This Summary Box sets out the key features of the savings account. For full details, please read the account terms and conditions.



Before you apply, please make sure you read the Summary Box and Terms and Conditions in full and print or save a copy for reference

Savings and ISA help

Useful guides to help you manage your account and understand the different ways to save.

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.