Good money habits for your child start here.

It’s never too early to teach them about money. Smart Start gives 11-15 year olds their own Spending Account and Savings Account in one application. They learn how to manage their money, and you get oversight of their account - for peace of mind.

Features your child will love


Use their contacless card online, in shops and at cash machines. 


Save for something special with their own savings account.


3.15% AER/3.11% gross variable interest on balances of £1 to £1,000.

1.40% AER/1.39% gross variable interest on any money above £1,000.


Easily use their card by adding it to Apple Pay or Google Pay (age restrictions apply).

Features you will love

No monthly fees

Smart Start accounts don't come with any monthly fees.


Get spend notifications and oversight of the account using our mobile app. 


No arranged overdraft - they can only spend what's in their account.


Help set up their savings goals and contactless payment limits. 

How Smart Start works

Your child gets two accounts with one application, accessible by our Mobile Banking app and Internet Banking. Please note, you'll need a qualifying Club account to open an account for your child.

Spending Account

The Spending Account gives them the freedom to purchase in shops and online. 

Savings Account

The Savings Account is designed to teach good savings habits. 

Who can apply


  • You must have a Club Lloyds Current Account.
  • You are 18 or over and your child is between 11 and 15 years old.
  • You are a UK resident and live at the same address as your child.

Please read the summary box below and the account conditions (PDF, 315KB) before you start.

How to apply

  • You can apply online through internet banking or our mobile app.
  • Your child must be with you when you apply. 
  • A form of ID for your child must be provided (either a passport or a full UK  birth certificate). If your child already has a Young Saver or Child Saver, proof of ID won’t be needed. 

Steps to take

We’ll guide you through it.

Log on to your account and:

  1. select 'Apply' in the bottom navigation bar
  2. go to 'Savings and Investments'
  3. visit the 'Smart Start for children' page
  4. tap 'Get started' to apply. 

Summary box for the Savings Account

  • 3.15% AER/3.11% gross variable on balances from £1-£1,000.

    1.40% AER/1.39% gross variable on any money above £1,000.

    Interest is paid monthly.


  • Yes. As this account pays a variable rate of interest it can change over time. We’ll always let you know of any planned changes to the rate. Our terms and conditions (PDF, 315KB) explain when and how we do this. For example, we might review the interest rate if it costs us more to run this account for you.


  • For example, if you put in £1,000.00 when you open the account, the balance after 12 months will be £1031.54.

    If you put in £2,000.00 when you open the account, the balance after 12 months will be £2045.28.

    This assumes that:

    • you don’t take any money or interest out of the account
    • the interest rate stays the same
    • you put money in the day you open the account and don't add more money after that.

    If you have more than £1,000 in your account, you’ll get two different interest rates on your balance, the higher rate applies to everything up to £1,000 and the lower rate to everything over £1,000.


  • This account can only be opened online between the parent or legal guardian and a young adult, as part of applying for Smart Start. This means a Spending Account and a Savings Account will be opened.

    When the accounts are open, the parent or legal guardian will be able to see them in Internet Banking and on our app, to help the young adult manage their money and transact on the accounts in an emergency. When the young adult is over 13 and decides it's the right time to remove this support they can do so in branch. If they're under 13, they can also do this, but will need the consent of their parent or legal guardian in branch.

    The accounts can also be managed through Internet Banking, on our app and in branch.

    Bear in mind:

    • To open this account the parent or legal guardian must be 18 or over, resident in the UK and be registered for Internet Banking. The young adult must be aged 11-15.
    • The parent or legal guardian must have one of our qualifying current accounts listed in the 'Additional Information' section below.
    •  The parent or legal guardian must have an existing Child Saver or Young Saver for the child or their proof of identity. 
    • To open the account, the young adult must be living at the same address as the parent or legal guardian.
    • The young adult can only hold one Spending Account and one Savings Account.
    • We'll remove the parent or legal guardian's ability to view and transact on the account after the young adult's 18th birthday, unless it's already been done.
    • The Spending Account will mature to a Classic Account and Savings Account to an Easy Saver account before the young adult's 19th birthday. To make sure this happens, the young adult must provide us with additional identification such as a current UK/EU/EEA passport, photo driving licence or identity card.
  • Young adult:

    • Yes. So long as there is money in the account, you can withdraw it anytime.

    Parent/legal guardian:

    • Only on behalf of the young adult where you believe the circumstances are an emergency.
  • To open a Lloyds Bank Smart Start as parent or legal guardian, you must have one of our qualifying current accounts listed below.


    • Club Lloyds Account
    • Club Lloyds Gold Account
    • Club Lloyds Silver Account
    • Club Lloyds Platinum Account
    • Club Lloyds Premier Account
    • Club Lloyds Private Banking Current Account
    • Club Lloyds Private Banking Premier Current Account
    • Club Lloyds Mayfair Current Account
    • Club Lloyds Mayfair High Interest Cheque Account

    Gross rate means we won't deduct tax from the interest we pay on money in your account. You need to pay any tax you may owe to HM Revenue & Customs (HMRC).

    AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account which shows an interest rate, you will see the AER. This means you can use the AER to compare accounts. It shows what the interest rate would be in your interest was paid and compounded once each year.

    For more definitions, view our glossary.


Your questions about Smart Start

  • No. There’s no option for your child to overspend. If there isn’t enough money in the account for them to make a purchase, it won’t go through. If something goes wrong and their account goes overdrawn by mistake, we won’t charge them – we’ll help to put their account right.


  • Your child can only spend money that’s in their Spending Account. To help them manage their money, we’ve set spending limits. That way you can be sure they don’t overspend.


    Daily spending limits

    Ways to manage your money

    Aged 11-15

    Aged 16-17

    Aged 18

    Ways to manage your money

    Using your debit card to pay online and in shops.

    Aged 11-15


    Aged 16-17


    Aged 18

    The money you have in your account.

    Ways to manage your money

    Using Online Banking to transfer money.

    Aged 11-15

    £500. This limit also applies to your Savings Account.

    Aged 16-17

    £500. This limit also applies to your Savings Account.

    Aged 18

    £500. This limit also applies to your Savings Account.

    Ways to manage your money

    Using one of our branches with a counter to take money out.

    Aged 11-15


    Aged 16-17


    Aged 18


    Ways to manage your money

    Using your debit card to take money out of a cash machine.

    Aged 11-15


    Aged 16-17


    Aged 18


    Ways to manage your money

    Using the Post Office to take money out.

    Aged 11-15


    Aged 16-17


    Aged 18


  • Protecting your child’s personal information online matters to us. This is why we want you and your child to understand how we’ll use their information and what rights they have. Find out how we use your child's data (PDF, 62KB).


  • Your child's Smart Start accounts will remain open until they turn 18. 


    Their Smart Start accounts will change to a Classic Account and Easy Saver. They will need to confirm their identity before they turn 18 for this to happen. ID verification can be provided by uploading their passport on to the mobile banking app. If they don’t do this, we’ll have to close their Smart Start account.

Your Smart Start guides

The Smart Start guides give you and your child the resources, tools and tips to manage their money. It will help them to: Save, Earn, Spend and Learn.

Get started with Smart Start

Be in control of your own money.

Get started

Spending tips

Discover how to pay into your accounts, pay other people and how to pay for things you want.
More about spending

Keep your money and account safe

It's your money, and you'll want to make sure it's safe. 
Learn more about money

Google Pay is a trademark of Google LLC. Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries.

*For children under the age of 13, a parent or legal guardian will need to use ‘Family Sharing’ for Apple devices or ‘Family Link’ for Android devices, to approve the app download.

Save the Change® is a registered trademark and used under licence.

For more information about the fees associated for Payment Services with this account please see the Fee Information Document (PDF, 192KB).

Financial Services Compensation Scheme

Your money is protected by the FSCS

Find out more about the scheme