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Children's savings accounts

Whether you want to open an account in your child’s name to put a little away to help when they're older, or for them to save their pocket money, we've got savings accounts that can help.

Savings calculator

Our savings calculator lets you find out how much your savings could be worth. Also, if you're saving towards a goal, this tool gives you an indication of how long it will take to reach your goal.

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An introduction to savings

For some of us, knowing where to start when it comes to the subject of savings can be tricky. This guide gives you an understanding of why and how you should save as well as some additional information to help you along the way.

Childrens Accounts

  Minimum to open Annual Interest Rate Bonus Withdrawal Conditions Account Access  
Children's West Brom Access Account £1 up to 2.35% AER
up to 2.35% Gross i

Interest Tier Bonus Annual Monthly
AER Gross AER Gross
£1 - £100,000 2.35% 2.35% N/A N/A
If seven or more withdrawals are made 1.45% 1.45% N/A N/A

We’ll pay your interest once a year on 31 March and you’ll be able to access it from the next working day (this includes Saturdays). We can add it to your account or pay it into another account.

No You can take your money out at any time. You'll get a lower interest rate if you take your money out more than six times. Children's West Brom Access Account

Your savings are protected

Your eligible deposits are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme.

Find out more

Protecting your money

Savings toolkit

Savings calculator

Savings calculator

Crunch the numbers and see how much you could save over time.

Savings calculator
Savings guides

Savings guides

Take a moment and brush up on all things savings.

Savings guides
Savings FAQs

Savings FAQs

Check out our most frequently asked questions

Savings FAQs
Contact us

We're here to help

Chat to our friendly Customer Service team today.

0345 241 3785

schedule 8:30am to 6pm Monday to Friday

schedule 8:30am to 12:30pm on Saturday

You can also pop in to your local branch or book an appointment.

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