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Compare Junior ISA accounts

Save for your children’s future with a Junior ISA.
You can save up to £3,720 a year for your
children tax-free using a Junior ISA
savings account. Use our free
& independent comparison
service to find the best Junior
ISA savings account for you.


Scottish Friendly Junior ISA

  • Invest from as little as £10 a month or a lump sum of £50
  • Flexibility to stop start, lower payments whenever you like
  • Invest up to £3,720 during 2013/14 tax year

Find the right Junior ISA for you at MoneySupermarket

| Updated daily
Helpful guides and more information about ISAs are available at the bottom of this page | Ordered by interest rate (AER)

All products are covered by the Financial Services Compensation Scheme unless otherwise stated.

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Junior Investment ISAs

For all the Junior Stocks & Shares ISAs below, you should be aware that -

 

- The value depends on future performance & may fall as well as rise

 

- Returns are not guaranteed so child may not get back the full amount invested

 

- Plan management passes to child at 16 but cannot be stopped or cashed in until child reaches 18

 

- Tax advantages of junior ISAs may change in the future & reduce the potential growth of the account



Account name

Provider details

Hargreaves Lansdown Junior ISA
  • Give your child or grandchild a great start in life with a Hargreaves Lansdown Junior ISA. It offers a market-leading combination of
    price, service and information 
  • Choose from over 3,000 funds including leading managers like Fidelity, Jupiter and Invesco Perpetual, with initial savings of up to 5.50% that could save you as much as £198 on a £3,600 subscription
  • You can also invest in shares, EFTs, and much more using our
    low-cost stockbroking service
  • Invest from as little as £50 per month
  • Receive a free Pedro the Penguin moneybox for each Junior ISA opened with £1,000 or more

Scottish Friendly
Junior ISA
  • Invest for your child's future with a Scottish Friendly Junior Individual Savings Account (JISA)
  • Benefit from over 150 years of experience from one of the UK's leading friendly societies
  • Scottish Friendly are mutual, and only work for you. Scottish Friendly don't have shareholders, so profits are used for their customers' benefit
  • Available for children under the age of 18 who did not qualify for a Child Trust Fund
  • Invest up to £3,720 during the 2013/2014 tax year (this limit will be reduced if payments are being made into a Cash Junior ISA elsewhere)
  • Family and friends can also contribute to the account once it has been set up
  • Invest from only £10 a month, or a lump sum from just £50 or a mixture of both
  • Flexibility is built in. You can start, stop, raise or lower your
    payments whenever you like
  • Stock market investments can go down as well as up and the child could get back less than you have paid in. You should consider this a long-term investment
  • Welcome gift - Scottish Friendly will send you a mini piggy bank when you start investing

Family Investments Junior ISA
  • Junior Individual Savings Account (Junior ISA) - From Family Investments
  • Invests in stocks and shares
  • Available for children under the age of 16 who did not qualify for a Child Trust Fund
  • Invest up to £3,720 during the 2013/2014 tax year (this limit will be reduced if payments are being made into a cash Junior ISA elsewhere)
  • Allows parents and guardians to save and invest for the child
  • Only the child can access their money and only from their 18th birthday, the child can manage the account from age 16
  • Family and friends can pay into the account once its setup
  • Minimum monthly Direct Debit of £10
  • Remember, because the account is invested in stocks and shares, its value can go down as well as up, and its possible your child could get back less than has been paid in

Shepherds
Junior ISA
  • Invest in the Shepherds Friendly stocks and shares Junior ISA, and build up a tax-exempt lump sum for your child
  • Parents, family and friends can all contribute financially, helping you build a significant fund
  • Shepherds Friendly is a mutual - all profits are reinvested for the members' benefit
  • Premiums start from as little as £10 per month, and lump sums
    can be added from £100 after an initial sum of £500
  • Receive a Love2shop voucher worth up to £30 when you take out a plan today!
  • Please read all terms and conditions on Shepherds Friendly's site before applying

Alliance Trust Savings Junior ISA
  • The new Alliance Trust Savings Junior ISA has been developed by the award-winning team behind their Stocks and Shares ISA
  • Alliance Trust Savings have won the What Investment Readership Award for each of the last five years
  • The Alliance Trust Savings Stocks and Shares Junior ISA gives you
    a wide range of investment choices including:
    *Over 1,500 + funds from over 40 UK fund managers
    *All UK listed:
         o Equities    o Exchange Traded Funds (ETFs)    o Gilts    
         o Fixed Interest Securities    o Investment Trusts

Low Cost Children's ISA
by Total Clarity Funds
  • Charges go down as more people save into these funds
  • 3 investment options - Defensive, Balanced and Adventurous
  • All funds are mixed asset tracker funds offering great diversity for a low annual charge
  • TCF investment is a new kind of asset manager
  • Total Clarity funds offer a range of low cost, well diversified risk graded investments
  • The Children's ISA has been developed in partnership with some of the biggest names in the industry to bring you unrivalled investment options through a simple online application process

The Children's ISA - actively managed funds by Prudential
  • Children's Savings experts 'The Children's ISA' have selected Prudential for their Actively Managed Fund options
  • Prudential is one of the largest asset managers with over 26 million customers with £351 billion of assets under management across the globe
  • Prudential's Dynamic Portfolios are actively managed investments
  • These funds offer an excellent diversification by investing in varying degrees in shares, property, bonds and cash
  • The Children's ISA has been developed in partnership with some of the biggest names in the industry to bring you unrivalled investment options through a simple online application process

Shariah Children's ISA
by Scottish Widows Investment Partnership
  • This fund would appeal to an investor looking to achieve returns in line with Islamic Investment Guidelines
  • This fund is adventurous in nature and invests in accordance with advice from the Shariah Advisory Board
  • Scottish Widows Investment Partnership (SWIP) is one of Europe's largest asset management companies and part of Lloyds Banking Group
  • Managing funds worth £145.39bn. (Source: SWIP 31.03.2011)
  • This fund invests in equities from around the globe
  • The Children's ISA has been developed in partnership with some of the biggest names in the industry to bring you unrivalled investment options through a simple online application process

Ethical-Invested Children's ISA
by Ecclesiastical
  • This fund aims to combine profit with principles for the ethical investor
  • Since March 1988, Ecclesiastical Investment Management Limited has been at the forefront of socially responsible investing
  • Today with £1.9 billion* currently under management they are financially secure and confident that their socially responsible investment approach, and wider business culture of looking after people and communities - stands them in good stead for the future. *As at March 2011
  • The Children's ISA has been developed in partnership with some of the biggest names in the industry to bring you unrivalled investment options through a simple online application process

J.P. Morgan
Junior ISA
  • Invest up to £3,720 a year per child
  • No initial charge on over 850 funds and investment trusts
  • No annual account charge
  • Invest from £50 a month or with a £100 lump sum
  • Manage your account easily online 24/7
  • Gold Standards award winner 10 years in a row
  • The value of investments and any income can fall, so the Junior ISA could return less than you invest
  • Returns on investment funds are not guaranteed

F&C Investments Junior Investment ISA
  • Invest up to £3,720 tax efficiently every tax year
  • The account is held in the child's name and money cannot be withdrawn until the child turns 18
  • Children born before 1st September 2002 or after 2nd January
    2011 are eligible to invest
  • Investors can invest in F&C's award-winning range of investment trusts via the F&C Junior ISA from as little as £30 per month
  • The F&C Junior ISA offers great flexibility - you can switch between funds at any time and you can invest and manage your account online

Sippdeal
Junior ISA
  • Give their savings a great start. Sippdeal will send you £50 when you open a Sippdeal Junior ISA with £1,000 or more
  • Save from just £25 per month by Direct Debit
  • Buy and fund available through Sippdeal's regular investment service and their purchase will be FREE of any dealing charges
  • Sippdeal offer a market leading range of over 6,800 funds to
    choose from as well as stocks and shares, ETFs, ETCs etc
  • Please remember that the value of investments can go down as
    well as up and you may not get back your original investment


Junior Stocks & Shares ISAs allow you to invest tax efficiently for your child. You can invest up to £3,720 for the 2013/2014 tax year,
less any amount you may have paid into a Junior Cash ISA in the same tax year. As long as the child doesn’t already hold a child trust
fund, they can be opened by the child’s parent or guardian with the proceeds being invested on behalf of the child. The funds have to be
invested for at least 5 years, so if your child is over 13, a Junior Stocks & Shares ISA may not be suitable.

Once the child reaches 18, the plan can be cashed in or transferred to an adult ISA, but the plan cannot be accessed or cashed in before
this time.


In these plans your capital is not protected meaning there can be fluctuations in the capital value of the plan, which can vary dependent on
the risk category of the funds invested in. This means that there is a risk that the plan may not be worth as much as has been paid in on
maturity.


There is a risk that the company backing the plan may be unable to repay any investment, for example if they were to cease trading. In this
instance Junior Stocks & Shares ISAs are eligible for the for the Financial Services Compensation Scheme (FSCS) up to £50,000 per person,
per institution.


The tax advantages of Junior ISAs may change in the future and will also depend on the child’s individual circumstances. If you are in any
doubt about the risks associated with these plans or their tax treatment you should seek advice from an Independent Financial Adviser.


For all the Junior S&S ISA’s available below, you should be aware that –


Junior ISAs

Junior Cash ISA’s offer parents a tax-free way to save for children who don't have a Child Trust Fund. You can invest up to £3,720
for the 2013/2014 tax year, less any amount you may have paid into any other Junior ISA in the same tax year. Each child can have
one cash and one ‘stocks and shares’ Junior ISA at any one time.

Once the child reaches 18, the plan can be cashed in or transferred to an adult ISA, but the plan cannot be accessed or cashed in before
this time.


Account Name Interest Rate (AER) Term/Notice Transfer In Access Product Review
Skipton BS

Skipton BS
Junior ISA
3.02%

Age 18

Yes
  • Online
  • Telephone
  • Branch
  • Post
  • Cash point
Read Review

Skipton BS Junior ISA

This account pays a competitive 3.02% annual interest tax-free and is available to children under the age of 17 who were not eligible for a Child Trust Fund.

The account can be opened with a minimum investment of £1.00 and you can pay in up to £3,720 this tax year. Anyone can pay into the account, not just parents or guardians. No withdrawals can be made until the account holder reaches the age of 18 and the account cannot be closed early either.

You can transfer money held in an existing Junior ISA into this account. You cannot, however, transfer money held in Child Trust Funds into this account. If the rate paid on this account becomes less competitive in future, you can change accounts whenever you like and there are no restrictions on the number of transfers you can make during the life of the account.

Remember that Junior ISA money is held in the child’s name, so they can decide what to spend it on once they reach the age of 18. It cannot be returned to the person making the payment.

This account can only be operated in branches and by post, so it will not suit those who prefer to manage their money online.

  • Minimum deposit £1
  • Your child can’t have a Junior ISA if they already have a Child Trust Fund account
Bank of Cyprus UK Junior Cash ISA
2.00%

Age 18

Yes
  • Online
  • Telephone
  • Branch
  • Post
  • Cash point
Read Review

Bank of Cyprus UK Junior Cash ISA

This account pays 2.00% annual interest tax-free on a minimum investment of £25.

The maximum that can be invested by parents, grandparents, family and friends in a Junior ISA is £3,720 this tax year (2013/14).

Savers can choose from two interest rate option, starting with a variable rate and switching the child’s funds to a fixed rate at any time. Both rates are at 2.00%, although the variable rate can change at any time. You can only fix the rate once in each tax year.

Existing Bank of Cyprus UK customers who opened any type of account with the bank on or before 30th June 2012 can benefit from a higher fixed rate of 2.10%.

However, even with the loyalty bonus, much higher rates of interest are available from alternative Junior ISA accounts.

No withdrawals can be made before the 18th birthday of the child, unless you want to transfer the whole balance to another Junior ISA provider. If you do want to transfer to another provider, then you must give 95 days’ written notice if you are on the variable rate, and if you are on a fixed rate, you must wait until this expires before you can move your money.

  • Minimum deposit £25
  • Choice of three interest rate options
  • Choose between a fixed rate option, a variable rate option or a combination of both
  • Your child can’t have a Junior ISA if they already have a Child Trust Fund account
National Counties BS

National Counties BS Cash Junior ISA
1.81%

Age 18

Yes
  • Online
  • Telephone
  • Branch
  • Post
  • Cash point
Read Review

National Counties BS Cash Junior ISA

This cash Junior ISA pays up to 3.01% annual interest tax-free and is available to children under the age of 18 who were not eligible for a Child Trust Fund.

Rates are tiered, so you earn 1.81% on balances of £1.00 up to £999 and 2.26% on balances between £1,000 up to £2,999. Balances of £3,000 and above earn the top 3.01% rate.

The account can be opened with a minimum investment of £1.00 and you can pay in up to £3,720 this tax year. Anyone can pay into the account, not just parents or guardians. No withdrawals can be made until the account holder reaches the age of 18 and the account cannot be closed early either. Interest is added annually on 1st October every year.

You can transfer money held in an existing Junior ISA into this account. You cannot, however, transfer money held in Child Trust Funds into this account. If the rate paid on this account becomes less competitive in future, you can change accounts whenever you like and there are no restrictions on the number of transfers you can make during the life of the account.

Remember that Junior ISA money is held in the child’s name, so they can decide what to spend it on once they reach the age of 18. It cannot be returned to the person making the payment.

  • Minimum deposit £1
  • 1.81% AER for balances £1 - £999, 2.26% AER for £1,000 - £2,999 & 3.01% AER for 3,000+
  • Your child can’t have a Junior ISA if they already have a Child Trust Fund account
  • 45 days notice required for transfers out

Help & Support

Junior ISAs

Individual savings accounts (ISAs) aren’t just for grown ups – children have their own version, too. It’s called a Junior ISA and works in broadly the same way as the adult version.

You can open a Junior ISA if your child is under the age of 18 and live in the UK. However, kids with child trust funds aren’t eligible. In other words, if your child was born between September 1 2002 and January 2 2011, they will not be able to save in a Junior ISA as well.

The government does not contribute to the Junior ISA and it must be opened and managed by someone with parental responsibility for the child. Anyone can then pay into the account up to £3,720 each year– and any interest or gains are tax free.  

Long-term savings

The money in the Junior Isa belongs to the child. However, they cannot get their hands on the cash until they are 18 as it is designed as a long-term savings account.  At 18, they can either cash in the Junior ISA and spend the money how they choose, or they can roll it over into a standard adult version of an ISA

When the child reaches 16, they can take over the management of the account if they wish – though they’re still not allowed to touch the money. They can also pay up to £5,760 in a standard cash ISA, without affecting their Junior ISA allowance. The advantage of an adult Isa is the grater flexibility as the child can access the money before they reach the age of 18.  

Cash or shares?

There are two types of Junior ISA. The cash version is simply a tax-free savings account. There is a range of accounts on offer from banks and building societies, including variable and fixed deals.

Some people prefer to invest in the stock market if they are saving for their children’s future, in which case a stocks and shares Junior ISA might be a more attractive option. Again, there is a range of accounts on offer, from UK funds to more exotic accounts that invest in emerging markets.

Many advisers recommend a stocks and shares Junior ISA for a child because the lengthy term of possibly 18 years allows plenty of time to ride out the ups and downs of the stock markets. However, you must be comfortable with the dangers of investing in stocks and shares and bear in mind that your capital is at risk and returns are not guaranteed.

Monitor your Junior ISA

It’s a good idea to keep an eye on your child’s Junior ISA as rates can change and you could end up with a poor deal. You are free to switch your Junior ISA at any time if you aren’t happy with the performance. If you decide to switch, you can either transfer to a different type of Junior ISA from the same provider or to a different provider.  

Advantages of a Junior ISA

Everyone – including children – has a personal tax free allowance of £8,105 in the current tax year. We also benefit from a capital gains tax allowance of £10,600. So what is the advantage of a Junior Isa? After all, few children earn enough interest on their savings or make enough profit from the sale of assets to breach the tax-free limits.

Some parents favour Junior ISAs over standard children’s savings accounts because of the restriction on withdrawals. If the child cannot access the money until they are 18, they cannot squander the cash on a spontaneous spending spree.

Junior ISAs also have a tax advantage over standard children’s savings accounts. If a parent puts money into a savings account for a child and it earns interest of more than £100, it is taxed as the parent’s own. With a Junior ISA, the money is classed as the child’s and all interest is tax free.  

Compare Junior ISAs

Whether you are looking for a cash Junior ISA or prefer to invest in stocks and shares, it’s quick and easy to compare Junior ISA with MoneySupermarket. Our online service is free and independent – and committed to finding you the best deal.

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