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- The money belongs to the child and can't be withdrawn until they turn 18.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 3.73% AER
- £187.00
- About
- £187.00
Before tax: about £187 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 OakNorth Bank plc licence, which also covers OakNorth (via Meteor). Money with these brands shares one protection limit.
Legal name: OakNorth Bank plc.
Check protection on the FSCS website ↗ (opens in a new tab)Key facts
Money in and out
- Minimum deposit
- £1
- Max balance
- No maximum (including transfers in)
- Transfers in
- Yes
- Withdrawals
- Not until the child turns 18
- Manage
- Online
Interest
- Rate
- 3.73% AER variable
- Gross rate
- 3.67%
- Interest paid
- Monthly
Who can open it
- Residency
- Age 0 to 14. UK resident
- ISA
- Junior ISA · not flexible · transfers in
New money limited to the £9,000 yearly Junior ISA allowance.
Source: oaknorth.co.uk · Last verified 17 Oct 2026, 09:38 UK time
Rate history
We started tracking this account on 15 Oct 2026. Further changes will show here.
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