From saving for a hamster to saving up for university our savings accounts for children can help meet your savings goals.

Children's Regular Saver

A children's savings account to help them learn to start saving and get them into the savings habit. With help from Jenny and Rory, this account will teach children how to save towards a goal and have fun along the way.

When you open a Children's Regular Saver your Welcome Pack has some helpful things to get you started. A Savings Chart, to remind you to save each month, you can use the stickers to help you track how much you have saved and watch your money grow. And finally your Children's Passbook to help you keep track of what you have paid in.

Every month you can come into your local branch as many times as you like, and put your pocket money or birthday money into your account, up to the value of £100. This will help you save for the things you really want to buy.

Throughout the year we want to be in touch with you or your guardian via email to help you keep on track with your savings. We will give you savings tips and tell you when we are having events, giveaways or competitions!

Children's Regular Saver

12 month fixed term account for young savers to encourage a regular savings habit.

Limited availability and may be withdrawn at any time

Protecting your money

Product Details

  • Available to anyone aged fifteen or under. Children under the age of seven must have an adult to act as a nominee or trustee, which makes this account ideal for parents, grandparents, friends or relatives to open on behalf of a child.
  • One account per child.
  • Open with an amount between £5 and £100 by post or in one of our branches.
  • Each month you can deposit up to £100 by cash, cheque or bank transfer from another bank or society account.
  • The account is immediate access which means you can withdraw your money whenever you like.
  • Your interest is calculated daily and paid at maturity.
current rates | previous rates
Deposit Gross p.a. / AER*
£5 or over 4.00% Fixed

current rates valid from 1 December 2015

Deposit Gross p.a. / AER*
£5 or over 4.00% Fixed

previous rates not applicable

* The gross rate is the rate before deducting tax at the rate applicable to savings income. The annual equivalent rate (AER) is a notional rate which illustrates what the gross interest rate would be if the interest was paid and added to the account annually.

Important Product Information

  • You are responsible for making sure that your monthly payment is received by the end of each month that it is due.
  • Missed payments cannot be backdated. If your first payment is not received, we will contact you.
  • The maximum balance is £1,200 (12 x £100 per calendar month)
  • The minimum balance for this account is £1.
  • At the end of the 12 month term, your money automatically moves into a variable rate Maturity Easy Access account
  • If your account falls below the minimum balance amount, you will earn a fixed rate of 0.05% gross p.a./AER* whilst the account is below the minimum balance.
  • Please make sure you've read the Your Savings Terms and Conditions and Things You Need to Know leaflets before applying for this account.

This product is no longer available to new customers

Apply for a Childrens Regular Saver


    If you make the maximum payment of £100 on the 7th of each month for the full 12 months you will receive approximately £26 (in gross interest*), at the end of the term.


    When saving with Saffron Building Society, your money is kept safe. The more you put in and the longer you leave it the more it can grow, helping you reach your savings goal.