- Free, instant access baby and kids savings account held in trust.
- Interest rate of 2.50% AER/Gross p.a. (variable).
- Easily managed in the Ulster Bank app, alongside your other accounts.
We will soon be reducing some of our interest rates, see the changes here.
Available to customers aged under 16, resident in the UK. Terms and conditions apply.
Apply for a kid's savings account
Any Ulster Bank current account customer can open a urFirst account as long as you're aged 18 or over, and opening the account in trust for a baby or child aged 0 to 15 years old.
Start saving for a baby's future
Build children’s savings in a way that suits you. Pop in £1 to get started. This account offers instant access so you can withdraw cash whenever you need to.
Manage baby and kids' savings at any time
Once opened, you can manage the Ulster Bank baby and kid's savings account through our mobile app or online banking.
What is the interest rate?
Can I withdraw money?
Definitions
Annual Equivalent Rate (AER) shows the interest rate if interest is paid and compounded once each year. AER helps you to compare the rates of interest on different accounts.
Compound interest is interest that is earned on interest that’s already been paid.
Gross means the interest rate you are paid on your savings with no compounding.
p.a. per annum (per year).
Tax-free. We pay all savings interest without the deduction of tax. You do not pay any UK tax on interest earned in ISAs. You may have to pay tax on interest earned in non-ISA accounts depending on your Personal Savings Allowance. The tax treatment may be subject to change in the future.
MoneySense
Our MoneySense AT HOME website is designed to help parents talk to their families about money, providing tips and practical exercises on budgeting, managing debt and getting value for money.
Financial Services Compensation Scheme
Your eligible deposits held by a UK establishment of Ulster Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered.
Find out more about the scheme and how it protects your money.
Kids savings accounts - FAQs
Compare children's accounts
We have multiple accounts for kids and teens to help with managing their money and saving for the future, explore our full range here.