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This comparison simply includes all savings accounts.

Everyday Current Account Santander
Open With £1
Account Type Current Account
Features Fee FREE Account Earn up to 15% cashback

Why we like it: No minimum monthly funding or monthly fee to maintain the account. Earn up to 15% cashback with Retailer Offers. Stress-free account switching in 7 days with the Current Account Switch Service. £300 ATM withdrawal per day, Arranged Overdraft facility (subject to status). Online and Mobile Banking with text and email alerts. Must be 18 or older and live in the UK permanently. 39.94% EAR overdraft charge. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000

Starling Bank
Mobile App Bank Account Starling Bank
Open With £0
Account Type Mobile Bank Account
Features Fee FREE Account Pays 0.05% AER

Why we like it: Free current account. Pays 0.05% AER interest on balances up to £85,000. Get set up in minutes. Send money abroad: Fast and secure money transfers to bank accounts in 38 countries worldwide. No fees when you pay with your card abroad or withdraw money. Get a spotlight on your spending: See what you’ve spent instantly with real-time payment notifications. 3 month interest holiday on the first £500 of an arranged overdraft. Best British Bank and Best Current Account in 2020 at the British Bank Awards. Awarded 5 stars by Defaqto. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000

Personal Current Account Cashplus
Open With £0
Account Type Current Account
Features No Credit Checks Online App

Why we like it: A bank account that can build credit history. No credit check during sign up. Apply straight from your mobile. Instant online decision. Get your Contactless Debit Mastercard within 3-5 working days. Add Creditbuilder onto your account and it could help build your credit rating at no extra cost. Deposit cash into your account at any Post Office UK branch. Money is available in your account immediately. Manage your account 24/7 from any device with the banking app - get real time balance information, statements, add payees send payments and apply for extras. Automatic payment alerts. UK based Customer Services Team. Your money is protected up to £85,000 by the FSCS (Financial Services Compensation Scheme)

123 Current Account Santander
Open With £500
Account Type Current Account
Features 0.30% AER Interest Up To £20,000 £4 pm Account Fee

Why we like it: Earn 0.30% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% cashback on household bills - 1% on council tax bills, Mobile and home phone bills, broadband and paid-for TV packages, and Santander monthly mortgage payments. 2% on Gas and electricity bills, Santander Home Insurance premiums and Santander Life Insurance premiums, and 3% on water bills. Monthly fee of £4. Cashback capped at £5 for each cashback tier each month. Must pay in £500 pm. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000

123 Mini Current Account Santander
Open With £0
Account Type Childrens Current Account
Features Children 18 or under 3% AER Interest (T&Cs)

Why we like it: Can be opened by or on behalf of any child up to the age of 18. Debit or cash card available for those aged between 13 and 18. Monthly interest. No monthly fee. For children under age 13, the account must be opened in trust and managed by an adult (trustee). If you’re aged between 13 and 18 years old and live permanently in the UK you can apply online by telephone or in branch. No overdraft facility. 1% interest on the entire balance once the balance is £100, 2.00% AER/1.98% gross (variable) on the entire balance once the balance is £1,500, 3.00% AER/2.96% gross (variable) on the entire balance once the balance is £1,500 or over (up to a maximum of £2,000). Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000

Children's Current Accounts

With a range of high interest current accounts for children to choose from, it’s more important than ever to shop around for the best deal.

While children’s account do not benefit from switching rewards, there are certainly some attractive rates of interest to choose from that provide a great way for children to learn about managing money and watching it grow.

While most banks will offer an under-18 account, some offer specific accounts with great incentives for children and young people.

Here are a selection of the best current accounts for children:

Santander 123 Mini

The 123 Mini Current Account is designed to provide a safe environment to learn money management and take the first steps towards financial responsibility for those aged between 11 and 18.
Santander currently pays one of the highest rates of interest for children and pays it on balances of £300 up to a maximum of £2000.

 Account holders also receive:

  • 24/7 access to their account via Online, Mobile and Telephone Banking or in branch
  • Free text and email alerts about their account.
  • The choice of a cash card or a Visa debit card

Halifax ExpressCash and CardCash

Halifax offer two children’s accounts, ExpressCash (11-15) and CardCash (16-17 years). They offer the same perks but ExpressCash offers an extra tailored security and financial education program, available as part of the Online Banking experience (in association with Childnet and the Money Advice Service). This is a great tool to teach young children about savings, investments and the value of money.

They will also receive:

  • A Visa Debit card (accepted worldwide wherever you see the Visa Debit sign)
  • Access to Online Banking and Mobile Banking
  • Access to thousands of cash machines
  • Use cash machines to withdraw of up to £500 per day, mini statements, check your balance, pay your bills and top up your mobile.
  • Credit interest on your account on any credit balance.
  • Access to sending and receiving payments with Pay a Contact


The Barclay Bank account is for children aged 11-15 and only requires a deposit of £1 to open the account.

Children receive all the benefits of a current account, including:

  • A debit card
  • Access to online, Mobile and in branch banking
  • Cash withdrawals of up to £500 a day.

However, this account has a lower rate of interest than some others on offer.

Lloyds Under 19s 

Lloyds offer an account for ages 11-19 and offer a good rate of interest to its customers on balances up to £2,500 (paid quarterly).

Lloyds offer:

  • Easy access to your money
  • Choose between a Lloyds Bank Visa debit card to withdraw cash and pay for things in shops and online, or a Cashpoint® card which is only for taking out money at cash machines.
  • Competitive interest
  • Manage your money scheme - Internet Banking, Telephone Banking, Mobile Banking, in-branch, and also get free Text Alerts.

HSBC MySaving

This account pays currently pays the highest rate of interest after Santander and is ideal if your child is younger, as their account serves children from 7-17. Although under 16s will need a parent or guardian with them. However, you only get the top rate on the first £3,000 in the account, so if your child saves a lot then it may be worth looking at other options.

Useful to Know

  • While the child is under 11, the adult trustee's permission is needed to withdraw £50 or more.
  • Once the child reaches 11, they get a MyAccount, which comes with a Visa debit card.

These current accounts are great options for young savers who also need access to a regular account which they are able to draw out of, make payment and receive wages in to.

Some of the higher rates of interest are actually better than many ISAs or savings accounts for children so it’s worth considering the current account as a great way to save for your child.

Latest news

Top 3 picks for current accounts in 2021

Over 5.1 million UK bank and building society customers have switched their bank accounts using the free (and guaranteed) current account switching service which simplifies the process for customers. Read More »

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