HSBC Children’s Savings Accounts

HSBC Children's savings accounts are a great way of managing your money because they offer a way to earn interest on your pocket money or allowance whilst being linked to a current account; this allows you to withdraw and spend what you have saved whenever you like. HSBC Children's savings accounts offer the best of both worlds, you do not have to spend what you have saved if you do not want to and they will never let you spend more than you have so you always know where you stand. Depending on your age you will get different benefits but some of the general benefits of HSBC children’s savings accounts include:

  • Open the accounts with just £1
  • High interest rates
  • Restrictions on how much you can withdraw at a time to stop you spending all your savings at once

And, if you are aged 13 or over, you can have a cash card to access the money in your HSBC children’s savings account.

Junior ISA Selection
ProviderJunior ISA ProviderRegular SavingsInvestment OptionsOnline ValuationsMore Info
Forester Life Junior ISAyes0% charges for the first year, making it one of the best value actively managed Stocks and Shares Junior ISAs on the market so more of what you save is invested for your child. yesMore Info >
  • Professionally managed – savings are balanced between stocks and shares and fixed interest holdings by the experienced fund management team at Schroders
  • Apply, top up and manage your child’s Junior ISA online.
  • Flexible – It’s up to you. Save as little as £10 a month, make single contributions – or both; up to £4,080 this financial year.
  • Clear, low capped charges – The only charge is an annual management charge of 1%, and 0% for the first 12 months. Unlike some other providers, we don’t charge entry, exit or transfer fees.
  • Anyone can contribute - ideal for birthday money and other financial gifts.
  • Child must be 18 or under
  • Because it invests in stocks and shares, the Junior ISA's value can fall as well as rise, so your child could get back less than has been paid in
Standard Life Junior ISAyesThe Standard Life Junior ISA from £10 pm. Tax efficient investing to help pay from anything from university fees to a first car.yesMore Info >
  • You choose how much you want to pay in, and when. From £10 to £340 a month or a £50 lump sum up to £4,080 in the 2015/2016 tax year.
  • Available for children under 18
  • Open your child’s Junior ISA online and set up individual pots e.g. "Granny's Uni Fund"
  • Child must be 18 or under
  • Because it invests in stocks and shares, the Junior ISA's value can fall as well as rise, so your child could get back less than has been paid in.
Junior Stocks and Shares ISAyesFREE Children's ISA Guide. Choose from over 2,500 unit trusts and OEICs from leading fund managers. Invest from £25 per month or lump sums of £100.yesMore Info >
  • Same tax benefits as an adult ISA - no capital gains tax, and no further tax to pay on income.
  • Anyone can contribute - useful for birthday and Christmas gifts.
  • Withdrawals possible from age 18.
  • Open with a lump sum from £100 to £4,080 or start a monthly direct debit from just £25 per month.
  • Free mobile app to deal shares, access prices, indices, news and research.
  • The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. 
  •  If you’re unsure about the suitability, we recommend you ask for independent advice.
  • Tax rules can change and the reliefs depend on your child's personal circumstances. 
One Family Junior ISAyesThe OneFamily Junior ISA helps you to invest for your child’s future. It could help towards going to uni, driving lessons or perhaps helping to pay for a flat of their own. yesMore Info >
  • Award winning: Winner of the Moneyfacts Award for Best Junior ISA Provider (Awarded to Family Investments in 2014. OneFamily was established following a merger between Family Investments and Engage Mutual)
  • You choose how much you want to pay in, and when. From £10 to £340 a month up to £4,080 in the 2015/2016 tax year.
  • Available for children under 18
  • Open your child’s Junior ISA online and set up a Direct Debit and as a thank you OneFamily will send you up to £30 in vouchers (terms and conditions apply – please see OneFamily website).
  • Annual management charge 1.5% deducted directly from the fund's income.
  • Because it invests in stocks and shares, the Junior ISA's value can fall as well as rise, so your child could get back less than has been paid in.
Scottish Friendly My Select Junior ISAyesA range of assets including UK and global shares, bonds and cashyesMore Info >
  • Invest up to £4080 pa per child
  • Invest from only £10 a month, or a lump sum from just £50, or a mixture of both
  • Raise, lower, or stop and restart your payments any time you like
  • Available for children under 16, who didn't qualify for a Child Trust Fund
  • Available for Junior cash ISA holders
  • The value of investments and any income can fall, so the Junior ISA could return less than you invest
  • Returns on investment funds are not guaranteed

 Important Risk Information:

This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested.

Investments in Stocks & Shares ISAs do not contain the same degree of capital security as investments in deposits. Stocks and shares ISAs are designed as medium to long term investments of, for example, five years or more. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.

Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.