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
Fidelity Junior ISAyesOver 1200 Funds from over 70 Investment CompaniesyesMore Info >
  • Invest from £500 to £4000 pa per child
  • High Quality shortlist of leading UK Funds to choose from
  • Cash Options available
  • Fidelity are a leading UK ISA provider with over £34 billion under management
  • 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
Alliance Trust Junior ISAyesOver 1,600 Funds from over 45 UK Fund ManagersyesMore Info >
  • Invest up to £3840 a year per child
  • Over 1,500 funds from over 40 UK fund managers
  • Winner Best Stocks and Shares ISA What Investment Awards 2007, 2008, 2009, 2010 and 2011
  • Available for children under 18, who didn't qualify for a Child Trust Fund
  • High quality shortlist of leading UK funds to choose from
  • Over 21,000 international equities from 21 foreign exchanges across the globe.
  • Returns on investment funds are not guaranteed
  • Quarterly administration fee £10 + VAT - A full list of applicable charges is available via the Alliance Trust website.
  • Investments can go down as well as up. You may get back less than you originally invested.
  • Tax rules may change in the future and taxation will depend on your personal circumstances.
  • Alliance Trust Savings does not give advice.
Family Investments Junior ISAyesInvest in worldwide stocks and shares and fixed interest investments. Receive a free Boots Voucher when you set up a Direct Debit online (terms and conditions apply)yesMore Info >
  • Invest up to £3840 per child, per year 
  • Invest from as little as £10 a month
  • Available for children under 18
  • Free Boots voucher when you apply and set up a Direct Debit of £10 or more (please see terms and conditions for further details)
  • Winner of the 2012 Moneyfacts Award for Best Junior ISA Provider 
  • Avaliable for children who did not qualify fro a Child Trust Fund account
  • Annual management charge 1.5%
  • 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
Shepherds Friendly Junior ISAyesA range of assets including UK and global shares, bonds and cashyesMore Info >
  • Invest up to £3840 pa per child
  • Invest from only £10 a month, or a lump sum from just £100 or a mixture of both
  • Available for children under 18, who do not already have 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
Sippdeal Junior ISAyesA range of investment opportunities, including all the FSTE 350 companies.yesMore Info >
  • Invest either regularly or at any time up to £3840 pa per child
  • No minimum level of regular monthly subscriptions
  • Over 2,000 funds across UK and more than 20 overseas markets
  • 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
Scottish Friendly My Select Junior ISAyesA range of assets including UK and global shares, bonds and cashyesMore Info >
  • Invest up to £3840 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.