Family Cash:
Financial information for UK families

Familycash provides advice on tax credits, benefits, saving money, obtaining bargains and discounts, investing for your children and accessing cheap education

Children's Bonds

Parents, grandparents and great-grandparents can save money for children and not pay tax on interest or bonuses from Children’s Bonds
What are Children's Bonds?

Children's Bonds are provided by National Savings and Investments (NS&I). If you are over the age of sixteen you can buy a Bond for your own children, grandchildren or great grandchildren, if they are under the age of sixteen.

Who looks after the Children's Bond?

The parent or guardian controls the Bond (regardless of who bought it) until the child reaches the age of 16. At this time the child takes control of the Bond.

How much can I invest in the Children's Bond?

The minimum investment is £25 and the maximum investment is £3,000 per issue per child. Each time a new issue is released you can invest a further £3,000 maximum.

Can I access the money in a Children's Bond?

You can cash in all or part of the Bond online, by phone or by post with no notice before the end of the term. A penalty equal to 90 days’ interest will be deducted on the amount you cash in. You need to keep a balance of at least £25 to keep the Bond open.

How do I apply for a Children's Bond?

Parents or guardians can apply for, and manage, Bonds online, by phone or by post. Grandparents and great grandparents can only apply for Bonds by post. 

Where can I find more information about Children's Bonds?

More information about Children's Bonds can be obtained from National Savings and Investments. You may also be interested in Junior ISAs and Premium Bonds.