The Money Show Host Martin Lewis revealed the best children's savings accounts on the most recent episode of his ITV personal finance programme.

Martin Lewis began talking about children's savings accounts when a mother videoed in to ask the Money Saving Expert founder what accounts were best for young children.

She said that she was looking for accounts that allow her children to take out some money in times of emergency while keeping some aside for when they turn 18.

Martin Lewis then revealed the top children's savings accounts available at the time of the show's airing.

Martin Lewis reveals the top children's savings accounts 

Here are the top children's savings accounts according to Martin Lewis:
Ages 0-15 (Halifax - Kids regular saver)

These savers accounts offer a 5% fixed rate for one year on up to £100/month with the account needing to be closed to withdraw the money.

Can be opened online or at a branch.

Ages 0-16 (Saffron BS - two-year children's bond)

4.4% fixed rate on £500 to £25,000 with no early withdrawals.

Can be opened at a branch or a post office.

Ages 7-17 (HSBC - My Savings - Debit card from age 11)

3.75% variable rate easy access up to £3,000.

Can only be opened online if the parents are HSBC customers (if not opening at a branch)

Ages 0-17 (Leeds BS - Ronnie the Rhino Youngsavers)

3.65% variable easy access on £10 to £1 million.

Can be opened at a branch or via a post office.

The Money Show airs every Tuesday at 8 pm on ITV1 and ITVX.

Your Money Matters

Your Money Matters is a campaign launched by us and our sister titles across Newsquest to help you overcome the surge in the cost of living.

This year has seen a whole host of household price increases — from the energy price cap rise to surging inflation and food prices — costing your family hundreds or even thousands of pounds extra per year.

We’re making it our mission to look out for your cash, offering money-saving deals, competitions, giveaways and insightful stories from your community on the impact this cost-of-living crisis is having on our readers.

The worldwide energy crisis exacerbated by the Ukraine invasion, the financial impact of the Covid pandemic, record inflation figures and a surge in the cost of goods, fuel and travel means we will all feel the pinch.

Through our newspaper, we want to do what we can to help make your cash go further because we know your money matters.