Junior Cash ISA
Disclaimer: The rates shown are for information purposes only. Although endeavours have been made to provide accurate and timely information, Investment Sense Ltd cannot be held responsible for any errors or omissions of the information supplied.
All rates are subject to change without notice, please check with the bank or building society before investing. With fixed term notice savings accounts you can’t usually withdraw your money until the notice term has ended. Penalties may apply.
Eligible deposits are protected by the Financial Services Compensation Scheme ‘FSCS’ up to a maximum level of £85,000 per person per registered institution.
Coventry Building Society Junior Cash ISA
Tesco Bank Junior Cash ISA
Dudley Building Society Cash Junior ISA
Darlington Building Society Junior Cash ISA
Bath Building Society Junior Cash ISA
Loughborough Building Society Junior ISA
Junior Cash ISA
Junior ISAs (Individual Savings Accounts) were launched on 1st November 2011 aimed at encouraging children and parents to save.
Junior ISAs are available in two forms, Junior Cash ISA and Junior Investment ISA.
Junior Cash ISAs work in a similar way to deposit accounts with no tax deducted from the interest. Junior Investment ISAs allow savings to be invested in stocks and shares.
The maximum which can be contributed to a Junior ISA is £4,128 for the 2017/18 tax year. The limit is reviewed by the government each year. Contributions can be paid by parents, grandparents, guardians or other family members.
Junior ISAs can be taken out by any child under the age of 18, providing that they do not already have a Child Trust Fund. No money can be withdrawn until the child reaches the age of 18, at which time the savings can be surrendered or rolled over into an ‘adult’ ISA.