What are the best child bank accounts and should you open one?

A current account can teach your child some valuable financial lessons. But which banks offer one and are they any good?

Child putting coins into a piggy bank
(Image credit: Sally Anscombe)

Children are growing up in a world that is increasingly cashless, so the days of giving them a tenner as pocket money at the end of the week are numbered. 

While King Charles’ face will start appearing on UK banknotes this summer, it’s very possible that your kids won’t ever really come into contact with one. 

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.