The Cash Junior ISA is a tax-free savings account designed to help children, and their families, save for their future.

The account offers a variable rate of interest and you, along with family and friends, can make contributions towards your child’s tax free savings, subject to the annual subscription limit.

The account can only be opened for children who do not hold a Child Trust Fund.

The maximum which can be saved in a Junior ISA each tax year (6 April - 5 April) is currently £3,600.

Although you can pay into the account at any time, withdrawals are not permitted. All subscriptions to the Cash Junior ISA are a gift to the child, and cannot be repaid if you change your mind.

When the child turns 18, the account will automatically be transferred to an instant access ISA.

Cash Junior ISA

Key Product Information Summary Box

Investors can only have a maximum of one Cash Junior ISA and one Stocks and Shares Junior ISA open at any time. Investments can be paid into a Cash Junior ISA or a Stocks and Shares Junior ISA, or split between the two, providing the annual limit is not exceeded.

1. tax free rate of interest is the rate payable, under current legislation, where interest is exempt from income tax (your tax benefits will be lost if your ISA ceases to be tax exempt)
2. annual equivalent rate (AER) illustrates what the interest rate would be if interest was paid and added each year

More info

• Guide
• Conditions
• Important Change to Conditions from 7 Feb 12
• Variable rates