• Junior Cash ISA

    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.


    • Earn a variable rate of 3.00% tax free/AER from £1
    • Deposits can be made by anyone up to the limit of £4,080 and are treated as a gift to the child
    • Once the child reaches 18, the account will mature into a Cash ISA Saver with bonus

  • Interest rates

    Amount savedAER/Tax-free (variable)%
    £1+ 3.00%

    These interest rates are correct as at 10/12/13.

    The interest rate is variable. Interest is paid on the anniversary of the account opening.

    • For children under 16, it can only be opened by a person with parental responsibility and is over the age of 16
    • For children aged between 16 and 17, it must be opened by the child in their sole name
    • The Junior Cash ISA is for children under 18 who do not hold or were entitled to hold a Child Trust Fund
    • No withdrawals are permitted until the child turns 18, apart from in exceptional circumstances relating to the child's health and terminal illness
    • Unlike an adult ISA, anyone can pay money into a Junior Cash ISA. The money is treated as a gift and cannot be returned to the donor even when the account matures
    • From the age of 16, a child can open and contribute to both a Junior Cash ISA and an adult Cash ISA. Separate limits for the Junior Cash ISA will apply until the until the child reaches 18. At this point, the Junior Cash ISA will mature into an adult Cash ISA Saver with bonus and its annual limits will apply.
    • To be eligible for a Junior ISA:
      - The child needs to be a resident in the UK
      - For children under the age of 16 a Junior Cash ISA can only be opened by a person with parental responsibility who is over 16 years of age
      - For children aged 16 or 17 the Junior Cash ISA must be opened by the child in their sole name
    • If your child was born between 1st September 2002 and 2nd January 2011 they cannot open a TSB Junior Cash ISA, unless the child was born abroad between these dates and is now a resident in the UK


    Annual Equivalent Rate. AER illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.


    Tax free rate is the contractual rate of interest payable where interest is exempt from income tax. Interest earned on the child's ISA does not count towards any Personal Savings Allowance that may apply to the child. The tax treatment of each account depends on the child's individual circumstances and may change.

  • Apply in branch

    Visit your local branch with proof of identity and your address and we'll open the account for you.



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