3 Year Children's Regular Saver

4.00% Gross* each year / AER† (Fixed) 
 
Interest is calculated each day on the money in the account and paid into the account on the anniversary of opening it.

No, the rate is fixed for 3 years until the account matures (when the account comes to an end).

£5,741.48
 
This is based on: 

• You paying in £150 a month for 36 months. 
• You making the first payment on the date the account was opened. 

This calculation is for guidance only, to show you what a future balance could look like. It does not consider your individual circumstances. 

• This account is for people aged under 16 (referred to as ‘the child’ in this summary box).
• The account must be opened for a child under 14 as a trust account.
• For a child aged 14 to 15 the account can be opened as a trust account or managed by themselves.
• The child and the trustee (if appropriate) must be UK residents (see the Children’s 3 Year Regular Saver account terms).
• You must be 18 or over to open this account on behalf of a child.
• The account can have up to four adult trustees.
• The account will mature 3 years after the date it was opened.
• The account can be opened in branch, at an agency, or by post.
• You must keep at least £1 (the minimum balance) in the account.
• The most you can pay in each calendar month is £150, in one or more payments.
• You don’t have to make payments into the account every month.
• If the account reaches £5,400 you cannot pay any more money in.
• The account can be managed in branch, at an agency or by post. Trustees and any child aged 16 or over, that has control of the account, can use a secure online profile with Principality to manage the account

If the account is opened by a trustee, the money in it will be held on trust (known as a ‘bare trust’) for the child you're saving for. This means that the account will be in your name, but you will hold the money in it on behalf of the child.

No, you cannot make any withdrawals from the account before it matures.

You can close the account before it matures. Any interest you’ve earned will be added to the account balance and paid to you.

When the account matures, we will move the money to our Instant Access Account or the nearest equivalent we offer at the time. We will write to you before this happens.

Service charges and costs may apply to the account. These are set out in our Tariff of Charges. 

In certain circumstances we may refuse an instruction for using an account. These circumstances are set out in our Savings Terms and Conditions. 

Children are not exempt from paying tax. If the total amount of interest earned by a child is more than their tax-free Personal Savings Allowance, they may have to pay tax directly to HM Revenue and Customs (HMRC). If a child earns more than £100 in interest during the tax year from money given by a parent, the parent may also have to pay tax. For more information, visit gov.uk. 

The interest rates quoted above were correct on 17/04/2025.