personal finance

Martin Lewis reveals the best children's bank accounts with top interest rates now

“They can make unlimited withdrawals from it, and once your child reaches 11, they also get a MyAccount current account, which comes with a Visa debit card and can be managed online.

“If they’re aged 11 to 18, the Santander 123 Mini account pays three percent on £300 to £2,000 and gives a contactless debit card to use in shops.

“However, if your child is under 13, you need to have a Santander current account and open it for them in branch. Anyone aged 13 or over must open it themselves.”

The TSB Under-19s’ Account and the Virgin Money Young Saver account are also among the best, according to the expert.


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