Saving for grandchildren

There’s something special about helping a grandchild prepare for their future.

Whether it's a few pounds tucked away each birthday, regular monthly contributions, or a little extra at Christmas, saving for a grandchild can be a meaningful way to support them as they grow.

Baby Mum Grandma Blowing Out Cake Candles

Why save for a grandchild?

Many grandparents choose to save towards future milestones such as:

  • Education and university costs.
  • Driving lessons.
  • A first car.
  • Travel and adventures.
  • A first home.
  • Whatever future goals they choose.

Even small amounts saved regularly can add up over time.

Can grandparents save for a grandchild?

Yes. At Nottingham Building Society, grandparents can open a children’s savings account on behalf of a child under 18. One example is our For Their Future account.

The account is held by an adult trustee for the benefit of the child, and can be accessed at anytime, helping you build savings for their future while keeping things simple.

Frequently asked questions

Can family members contribute too?

Yes. Once an account is open, family and friends may be able to contribute towards a child's savings, helping build a pot for future milestones.

Why is saving for a grandchild important?

Saving for a grandchild is about more than just money - it's about helping them prepare for whatever their future holds.

Whether it's contributing towards education, driving lessons, travel, a first home, or simply providing a financial head start, savings can help create opportunities as they grow older.

Many grandparents choose to save because they want to:

  • Give their grandchild a helping hand in the future.
  • Turn birthday and Christmas gifts into something longer lasting.
  • Create a meaningful legacy that grows over time.
  • Help build good financial habits from an early age.
  • Support future goals, whatever they may be.

The earlier savings start, the more time they have to grow. Even small contributions made regularly can build into a valuable savings pot by the time a child reaches adulthood.

Is there a best age to start saving?

It's never too early to start. Many grandparents begin saving shortly after a grandchild is born, but it's never too late to start helping build a savings pot for the future.

A gift that can grow with them

Whether you're saving for birthdays, future education, a first home or something they haven't dreamed of yet, regularly putting money aside could help give your grandchild a helpful financial head start.

Explore our children's savings accounts to find the option that's right for your family.

Our children's savings accounts
Child On Beach Eyes Shut Arms In Air
Our children's savings accounts

Read more children's savings guides

Teaching kids about money

You don't need to be a financial expert to teach children about money. Simple conversations and everyday experiences can help children learn the value of saving, spending and making choices.

Teaching kids about money

Compare children's accounts

When it comes to saving for a child, you'll often come across two common options: children's savings accounts and Junior ISAs. Both are designed to help build money for a child's future, but they work in different ways. Learn more here.

Compare accounts

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