Our savings account for your child's future
Information about applying for this account
Already a Nationwide member?
If you're a Nationwide member, you can apply for this account online. Keep in mind, the child doesn't need to be a Nationwide member – just you.
New to Nationwide?
You'll need to call your local branch and arrange an appointment to open this account over the phone.
Find the phone number of your nearest branch.
Why choose Future Saver?
1.00% AER/gross a year (variable) if you have a main current account with us.
0.50% 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 0.05% AER/gross p.a. (variable)
Manage your money
Online and in branch
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, who will be the legal owner of the money. 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
Explore the key features and benefits of this account in our Summary Box before moving on to start your application.
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
Download or print the account documents
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.