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Account features for all ages
Extra account features for 16-17 year olds
Explore your options
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.
Let’s look at the details
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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
£0.01-£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
£0.01-£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.
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As this account is just for 11 - 17 year olds, we'll automatically move you to a Classic Account once you turn 18.
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Personal banking terms, conditions and charges guide (PDF, 315 KB)
Bank account welcome pack (PDF, 506 KB)
Current account rates (web)
Ways we use your data (child friendly) (PDF, 63.5 KB)
We’re making some changes to terms and conditions on 02 June 2025, for details please see Guide to Changes (PDF, 87KB).
- 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).
We may not be able to see you straight away, so please book an appointment at your local branch or by calling us.
- Online applications cannot be completed for 11-12 year olds.
You may also like
Smart Start
A banking and savings account for 11-15 year olds with no monthly fees or charges.
Student Current Account
For full-time students aged 17 or over.
Child Saver
For adults who want to save for a child aged 15 and under.
