Martin Lewis unveils top interest rates to help grandparents gift to children at Christmas

Martin Lewis, Money Saving Expert, provides the most up-to-date information to help Britons with financial queries. He frequently makes use of several platforms to spread the message about the latest deals, and actions Britons can take with their finances. His advice has helped hundreds of thousands of people, and he has proven particularly useful amid the ongoing COVID-19 crisis.

With this account, there is a pay-in limit of a maximum of £100 a month, but could be beneficial for those hoping to make money grow for children.

Alternatively, for regular savers, Barclays is also offering a competitive 3.5 percent interest rate.

For those who prefer a lump sum approach, there are also a number of options available to them.

Martin explained that the current leading rate is offered by Santander.

The offering stands at a three percent interest rate, but only for those who have £1,500 to £2,000 saved in the account. 

Otherwise, there are alternative options also offered by other familiar providers which Britons may wish to explore.

HSBC and TSB are the current top payers, and both offer a 2.5 percent interest rate. 

Some savers, however, may wish to lock the money away for when their grandchild becomes older.

Such an instance, Martin said, calls for a Junior ISA, which can offer long-term tax-free savings.

While children cannot access this money until they are 18 in most cases, it will give a sum deposited the time to grow with compound interest.

The Junior ISA also automatically transfers into an adult ISA when the child turns 18 – providing more opportunities for tax-free growth.

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Martin added that for those exploring this option, the best offering is currently put forward by Coventry Building Society.

The 2.95 percent interest rate is likely to be enticing to savers, and could prove a suitable Christmas present to help children on their savings journey. 

Martin Lewis is the Founder and Chair of To join the 13 million people who get his free Money Tips weekly email, go to



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