Before you apply
- The money belongs to the child and can't be withdrawn until they turn 18. They can manage the account from 16.
What you'd earn in a year
If you save
- Interest at 2.35% AER
- £118.00
- About
- £118.00
Before tax: about £118 a year on £5,000. Information only, not a recommendation.
Is my money safe?
FSCS protected: up to £120,000 per person, per banking licence.
This account is on the Lloyds Bank plc licence, which also covers MBNA. Money with these brands shares one protection limit.
Legal name: Lloyds Bank plc.
Check protection on the FSCS website ↗ (opens in a new tab)Key facts
Money in and out
- Minimum deposit
- £1
- Transfers in
- Yes
- Withdrawals
- Not until the child turns 18
- Manage
- Online
Interest
- Rate
- 2.35% AER variable
- Gross rate
- 2.35%
- Interest paid
- Annually
Who can open it
- Residency
- Age 0 to 17. UK resident
- ISA
- Junior ISA · not flexible · transfers in
New money limited to the £9,000 yearly Junior ISA allowance.
Source: lloydsbank.com · Last verified 17 Oct 2026, 09:52 UK time
Rate history
We started tracking this account on 15 Oct 2026. Further changes will show here.
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