Junior Cash ISA
See your child’s savings grow faster
Junior Cash ISAs are tax-free* savings accounts for children, allowing parents, grandparents, family and friends to save up to £3,600 annually per child.
Features and benefits
- Great rates – earn a consistently competitive interest rate
- Tax free - savings grow even faster as no tax is deducted from the interest
- Flexibility – make one off or regular deposits with no minimum value for top-ups
- Choice – deposit funds on a variable or fixed interest rate basis or on a combination of both:
- Variable rate – ideal if you plan to make regular deposits
- Fixed rate – ideal if you want to earn a guaranteed rate of interest on a larger deposit
- Restrictions apply for access
Take a look at our rates
Loyalty rates – available to existing customers who opened a Bond, Cash ISA or any other account on or before 31 October 2011.
| Loyalty rates |
| Interest rates |
Interest type |
Term / Notice |
Minimum initial deposit |
Interest paid |
| 3.50% AER / Gross p.a. ** |
Fixed |
1 year term |
£25 |
On maturity |
| 3.00% AER / Gross p.a. |
Variable |
95 days' notice |
£25 |
Annually |
Advertised rates – available to all other new customers.
| Advertised rates |
| Interest rates |
Interest type |
Term / Notice |
Minimum initial deposit |
Interest paid |
| 3.00% AER / Gross p.a. |
Fixed |
1 year term |
£25 |
On maturity |
| 2.75% AER / Gross p.a. |
Variable |
95 days' notice |
£25 |
Annually |
Please read the Junior Cash ISA Key Features and Conditions before you apply.
Apply by post, by phone or in person
Important information:
The total amount you can deposit in a Junior ISA (Junior Cash ISA and Junior Stocks and Shares ISA) in any tax year is limited by HMRC. Therefore opening and depositing into a Junior Cash ISA will limit the amount you can deposit into a Junior Stocks and Shares ISA and vice versa.
HMRC does not permit withdrawals before the 18th birthday of the child except for transfer of the whole balance to another Junior ISA provider. If you do want to transfer to another provider please note the restrictions that apply (please refer to our Key Features and Conditions).
A deposit made on behalf of a child into the child’s Junior Cash ISA, which is within the Junior ISA annual allowance, is a gift to the child and as such cannot be repaid to the depositor at a later date if they change their mind.
* Tax-free means exempt from income and capital gains tax. The tax treatment depends on your individual circumstances and may be subject to change in the future.
** AER stands for Annual Equivalent Rate; it illustrates what the interest rate would be if interest were paid and compounded once each year and allows you to easily compare different offers. Gross is the contractual rate of interest payable before the deduction of income tax.