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Child and teen bank accounts

A little more

financial independence

Their positive money mindset starts here.

A little more money confident

Bank accounts that teach under 18s how to manage their money in different ways as they get older.

Revolve bank account and debit card

Good for: more financial independence and letting their money grow.

 

  • Earn 2.35% , 2.33%  (variable) interest on your balance. Interest is calculated daily and paid monthly. 
  • No fees or overdraft so you don't have to worry about debt.
  • Tap to pay with contactless, Google or Apple Pay.
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Account eligibility and app criteria applies. 11-15s must apply with a parent or guardian with a Royal Bank current account.

NatWest Rooster Money pocket money app

Good for: creating positive money habits from a young age.

 

Parental controls to keep an eye on their spending with limits and alerts.

Create custom pots for saving money.

Free Rooster card subscription: for Royal Bank customers with kids aged 6-17. Includes Apple & Google Pay™. (£19.99 a year / £1.99 a month for non-Royal Bank customers).

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T&Cs apply (PDF, 100 KB). Eligibility criteria apply. Card offer includes up to three cards, other fees may apply. Fees apply for non Royal Bank personal customers. 

A little more future ready

Give them the gift of saved or invested funds to kick-start their future.

First Saver instant access savings account

Good for: flexible savings for your child, for whatever might come up.

 

  • Account is held in trust: the account is opened in your name to save for your child.
  • Earn: 2.35%, 2.33%   (variable). Interest is calculated daily and paid quarterly.
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Information Message

Account eligibility apply.

Royal Bank Junior ISA

Good for: investing on behalf of your child to help them gain a head start.

 

  • Start with just £50 and top-up with as little as £10.
  • Invest up to £9k per child for the current tax year.
  • Your child can withdraw money once they’re 18 and not before, and it will belong to them.
  • Junior ISA is free from income and capital gains tax.
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Information Message

The Royal Bank Invest Junior ISA is a Stocks & Shares ISA. The value of investments can fall as well as rise, and you may not get back the full amount you invest. Eligibility criteria, fees and charges apply.

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Not a Royal Bank customer?

Switch to an adults' Royal Bank account today and get access to accounts for your child.

Children’s account FAQs