This account is available to 11-17 year olds who are UK residents. 11-15s must apply with a parent or guardian who has a Royal Bank current account.
Earning interest on your account
Interest is when your money earns money. So, if you had £100 in your account, 1% interest would be £1.00. In other words, you get a bit of extra money, just for keeping money in your account. Sweet.
Interest is calculated daily and paid monthly.