Children's savings

Give a child you care about the best possible financial head start in life

  • Plans with guaranteed amounts
  • Save for university, house deposit or first car
  • Monthly, annual and lump sum plans available

Why save for a child?

There are a number of ways you can protect a child’s financial future, and by starting today you could help provide for further education, their first car, or a house deposit.

Take a look at our simple children's savings products below; if you are unsure about which to choose, you'll find more info on each product page and in the help & support section, you could also use our handy product selector tool below.

Our products for children

Investment Junior ISA

Give your child a financial head start in life with our Junior ISA and watch the tax-free savings grow

  • Save from as little as £10 a month
  • Top-ups can be made by anyone
  • 2024/25 interim bonus rate is 5.50%
Learn more

Children's Tax Exempt Savings Plan

It's never too early to start saving for a child you care about, our Tax Exempt Savings Plan provides an additional tax-free allowance in addition to their Junior ISA

  • Anyone can open a plan
  • Choose a plan between 10 and 25 years
  • Save from £5 a month
Learn more

Children's Regular Savings Plan

Want to save a little extra for a child's future? Our Regular Savings Plan gives you the ability to save over your tax exempt savings plan allowance

  • Save for the longer-term
  • Perfect way to save for something special
  • Guaranteed final amount on maturity plus possible bonuses
Learn more

Children's Investment Bond

Invest in a child's financial future with this medium to long-term lump sum investment

  • Invest a lump sum between £1,000 and £150,000
  • Guaranteed minimum return of initial investment plus 3%
  • Quick and easy application process
Learn more

Child Trust Fund (stakeholder account)

Originally set up by the government, a Child Trust Fund (CTF) is a long-term tax-free savings account for children. You can no longer apply for a new Child Trust Fund because the scheme is now closed.

  • Transfer an existing CTF to us
  • Find out if your child could already have a CTF
  • Junior ISA alternative available
Learn more

Need help choosing the right product?

We created a handy tool to help you make the best decision when it comes to your savings and investments.

Product selector

Capital at risk. During adverse investment conditions you may get back less than you invested.

Tax treatment depends on individual circumstances and may be subject to change in the future.

Bonuses are not guaranteed.

Help & support See all help & support articles

We are here for you at all stages of your journey; our support articles cover a broad range of topics, and are designed to put you in control of your money.

Why choose Sheffield Mutual

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We do not invest knowingly or directly in industries relating to armaments, tobacco, gambling or pornography

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