Under 19s Account

It's never too early to get your young ones on the right financial track.

Under 19s Account

It's never too early to get your young ones on the right financial track.

A boy on a tablet wearing headphones

Account features for all ages

Tip: use the scroll bar below to slide between the different features and benefits.

Start earning interest

Make your money work harder with interest.

  • For accounts opened before 23 August 2021 - Earn interest of 0.50% AERAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. (0.50% grossGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs. p.a.) variable on credit balances between £1 and £2,499.99.
  • For accounts opened on or after 23 August 2021 - Earn interest of 0.50% AERAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. (0.50% grossGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs. p.a.) variable on credit balances between £1 and £999.99.

More about credit interest

Money management made easy

Discover a range of easy-to-use features that help you track your spend and save money on our Mobile Banking app.

Text alert

Keep on top of your finances by getting an alert every time you spend.

Contact us in our app, in-person or over the phone

With over 1,200 branches, an easy-to-use app and telephone banking, we’re always here for you.

No overdraft feature

If you accidentally try and spend money that isn’t there, the transaction won’t go through, so you’ll never go into debt.

Access your money, your way

Choose between a Lloyds Bank Visa debit card that lets you pay with contactless or a Cashpoint card that only lets you take out money from cash machines.

Extra account features for 16-17 year olds

Save the Change®

Save the Change® automatically rounds up your transactions to the nearest pound and transfers the difference to a nominated savings account.

Money Manager

Set up spending goals and keep a close eye on where your money is going with our smart Money Manager. 

Ribbon with a star in the middle

Includes all features of the Under 19s Account

Not the right account for you?

This account is only for 11 – 17 year olds. If you’re older than that or want to apply for an arranged overdraft, you should consider learning about our Classic Account or Student Account if you’re in full-time education. Alternatively, we also offer Smart Start for 11-15 year olds.

Key information on the Under 19s Account

  • These interest rates are correct as of 23/08/2021. Interest rates are variable, and any interest you accrue will be paid quarterly.

    For accounts opened before 23 August 2021
     

    Interest rates

    Your balance

    AER %Annual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily.

    Gross %CloseGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.

    Your balance

    £1-£2,499.99

    AER %Annual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily.

    0.50

    Gross %CloseGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.

    0.50

    Your balance

    £2,500+

    AER %Annual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily.

    0.00

    Gross %CloseGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.

    0.00

    We do not pay interest on amounts of £2,500 or more.

     

    For accounts opened on or after 23 August 2021
     

    Interest rates

    Your balance

    AER %Annual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily.

    Gross %CloseGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.

    Your balance

    £1-£999.99

    AER %Annual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily.

    0.50

    Gross %CloseGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.

    0.50

    Your balance

    £1,000+

    AER %Annual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily.

    0.00

    Gross %CloseGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs.

    0.00

    We do not pay interest on amounts of £1,000 or more.

    Please note interest paid before 6th April 2016 will have been paid net (unless you registered the account with us to receive gross interest).  Net is the rate of interest payable after allowing for the deduction of income tax at the rate specified by law (currently 20%).

    From 6th April 2016 interest is paid Gross, meaning we will not deduct tax on your behalf. Dependant on your personal circumstances, tax may be due on your interest and it is your responsibility to disclose and pay any tax due directly to HMRC.

  • As this account is just for 11 - 17 year olds, we'll automatically move you to a Classic Account once you turn 18.

Children playing

Ready to apply for an Under 19s Account?

Let's get you started.

Select the age of the child or teenager below to see the application process.

Children playing

Ready to apply for an Under 19s Account?

Let's get you started.

Select the age of the child or teenager below to see the application process.

  • Boy watching television
    • In a branch. A parent or guardian will need to accompany you and you’ll need to bring proof of identity (e.g. a passport or birth certificate) and proof of your parent or guardian’s identity and address (e.g. a utility bill from the last 6 months).

      Book an appointment at your local branch by calling us on 0345 300 0000. Lines are open 8am – 8pm, 7 days a week.
    • Online applications can be started for 13-15 year olds. Fill in a simple form online with a parent or guardian and then pop into any branch to complete the application. 

    The online application process typically takes 10 minutes

    The online application process typically takes 10 minutes

    You must be between 13 and 15 years old to apply.

    Apply now

    Find your local branch to open an Under 19s Account

    Find your local branch to open an Under 19s Account

    You must be between 11 and 17 years old to apply.

    Branch near me

  • Mother and daugther using a tablet
    • In a branch. You’ll need to bring proof of identity (e.g. a passport or birth certificate) and proof of your parent or guardian’s identity and address (e.g. a utility bill from the last 6 months).

      Book an appointment at your local branch by calling us on 0345 300 0000. Lines are open 8am – 8pm, 7 days a week.
    • Online applications can be completed for 16-17 year olds. Fill in a simple form online and provide proof of your identity with a passport or Biometric Residence Permit card.

    The online application process typically takes 10 minutes

    The online application process typically takes 10 minutes

    You must be between 16 and 17 years old to apply.

    Apply now

    Find your local branch to open an Under 19s Account

    Find your local branch to open an Under 19s Account

    You must be between 11 and 17 years old to apply.

    Branch near me
Girl putting money in a piggy bank
  • In a branch. A parent or guardian will need to accompany you and you’ll need to bring proof of identity (e.g. a passport or birth certificate) and proof of your parent or guardian’s identity and address (e.g. a utility bill from the last 6 months).

    Book an appointment at your local branch by calling us on 0345 300 0000. Lines are open 8am – 8pm, 7 days a week.
  • Online applications cannot be completed for 11-12 year olds.

Find your local branch to open an Under 19s Account

Find your local branch to open an Under 19s Account

You must be between 11 and 17 years old to apply.

Branch near me
University hat

Lloyds Banking Academy

Help your kids get clued up on money matters with our smart Banking Academy.

Financial Services Compensation Scheme

FSCS - Protecting your money

Important legal information

Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

We may monitor or record telephone calls to check out your instructions correctly and to help us improve the quality of our service. Calls from abroad are charged according to the telephone service provider’s published tariff. Not all Telephone Banking services are available 24 hours a day, 7 days a week. Please speak to an adviser for more information.