A simple way to build savings that will come of age with your child. Open with just £1 and because it's an ISA your child won't pay any tax on the interest they earn up to the annual allowance.
Our Junior Cash ISA allows you to save up to £4,080 and earn tax-free interest.
This means you can save up to £4,080 in a Junior ISA in the tax year ending 5 April 2017.
Tax-free means the interest paid will be free from UK Income Tax. The advantages of which depend on your individual circumstances and the tax treatment of your ISA may change in the future.
Yes. We can move the interest rate up or down at any time. Our Terms and Conditions explain when we'll do this.
If we increase the interest rate, we'll make details of the rate change available in branch, on the phone and on our website, within 3 days of the change. If we decrease the interest rate, we'll let you know personally and give you at least 14 days' notice.
Based on a £1,000 deposit, with no deposits or withdrawals made from the account, and variable interest rates remaining the same:
No. Withdrawals aren't permitted prior to maturity at age 18 (unless the child is diagnosed with a terminal illness and permission is given by HMRC to make withdrawals).
Rates and information correct as at 10/12/13.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Tax free rate is the contractual rate of interest
payable where interest is exempt from income tax.
Visit your local branch with proof of identity and your address and we'll open the account for you.
Everything you need to know about ISAs and how to make the most of your annual ISA allowance.
Read our ISA Guide
Visit us in branch and we'll open an account for you.
Find out what to take along
Visit fscs.org.uk to find out more
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03459 758 758.
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