Important Cookie Information
(this message will appear only once)

To give you the best possible experience, this site uses cookies and by continuing to use the site you agree that we can save them on your device. Cookies are small text files which are placed on your computer and which remember your preferences/some details of your visit. Our cookies don’t collect personal information. For more information, please read our updated privacy and cookie policy, which also explains how to disable cookies if you wish to.

To give you the best possible experience, this site uses cookies. Read more...

By continuing to use the site you agree that we can save them on your device. Cookies are small text files which are placed on your computer and which remember your preferences/some details of your visit. Our cookies don’t collect personal information. For more information, please read our updated privacy and cookie policy, which also explains how to disable cookies if you wish to.

Children's savings

Watch their money grow with them

Get them off to a great financial start with our range of children's accounts

Children's accounts

Bonus account logo

Bonus account

Our Bonus account teaches children the basics of looking after money.

Find out more
Future fund logo

Future Fund

The future fund is all about getting your child off to the best start by building up a lump sum for the future. Start saving from £1.

Find out more

The basics

Get your child off to a great financial start, our choice of accounts are designed to help their money grow with them. You can open both accounts from as little as £1.

Both accounts can be opened and managed by a child over the age of 7, or an adult.

Bonus account

Learning the value of money and how to use it wisely is an important part of growing up. At the same time, saving for a child’s future is something you can’t start early enough.

Any child aged between 7 and 17 years, 9 months, can open the Bonus account in their sole name, which means that only they will have full control and/or access to their account.

Interest rates for Bonus account
Effective from 18th January 2010. These interest rates are variable.
  AER Gross Interest Credited
£1+ 0.25% 0.25%

interest is paid without the deduction of tax yearly


£1,000+ 0.25% 0.25%
0.25% 0.25%

Personal Savings Allowance

Following the introduction of the new personal savings allowance we will pay you gross interest on your savings. For more information about this and to find out how you may need to pay tax on the interest please visit www.gov.uk/hmrc/savingsallowance

Future Fund

The future fund is all about getting your child off to the best start by building up a lump sum for the future. Start saving from £1.

Any child aged between 7 and 17 years, 9 months, can open the Future Fund in their sole name, which means that only they will have full control and/or access to their account

Interest rates for Future Fund
Effective from 18th January 2010. These interest rates are variable.
  AER Gross Interest Credited
£1+ 0.25% 0.25% interest is paid without the deduction of tax yearly
£1,000+ 0.25% 0.25%
0.25% 0.25%

Personal Savings Allowance

Following the introduction of the new personal savings allowance we will pay you gross interest on your savings. For more information about this and to find out how you may need to pay tax on the interest please visit www.gov.uk/hmrc/savingsallowance

Definitions

Gross - The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).

AER - Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Tax Free - The contractual rate of interest payable where interest is exempt from income tax.

Any reference to tax is based on our understanding of current tax regulations which may change in the future and depends on the customer’s individual financial circumstances.

The Co-operative Bank reserves the right to decline to accept any application and/or deposit.

Remember you can subscribe to a Co-operative Bank/ Britannia Cash ISA as long as you have not subscribed to another cash ISA with another provider in the current tax year.

smile, The Co‑operative Bank and Britannia are trading names of The Co‑operative Bank plc, which is a member of the Financial Services Compensation Scheme (FSCS). Find out more