Start saving for their future with our children’s savings accountApply for a First Saver
Help your child learn how to save with our simple children’s savings account for under 16s.
Accounts can be opened and held in trust by an adult or opened by a child aged 7 and over with the consent of their parent/guardian.
TickStart their savings journey from as little as £1
TickEarn interest on balances each month
TickInstant access to their savings any time
TickFree Pigby piggy bank with every account
In Detail: First Saver
Yes, the interest rate is variable.
The rate may increase or decrease for any of the reasons set out in Term 10.3 of the Personal Banking Account Terms and Fees to account for the Bank of England's base rate changes or changes in the rates paid by other banks.
If the rates are going down we'll give you at least 60 days' notice. If they are going up, we'll inform you before the change or shortly afterwards. Term 10.4 of the Personal Banking Account Terms and Fees contain details of the notice we'll give you.
|Initial deposit at account opening||Balance after 12 months||Interest earned|
This is an example and does not take into account individual circumstances.
It assumes that no further deposits or withdrawals are made; there is no change to the interest rate; and any interest earned stays in the account.
- You must be aged 18 or over if you're opening the account for a child under 16
- You must be aged 7 to 16 (with parental/guardian consent) if you're opening the account for yourself
- Available for residents in the Channel Islands, Isle of Man or Gibraltar
- If you are resident in Gibraltar you must already be an existing NatWest International customer
No, it's free to open a First Saver account and you will not be charged any monthly account fees.
We want to make sure that you have all the information you need before you open an account with us. So before you do, please take some time to read and save,download or print this information.