The combination of an attractive interest rate and a passbook makes our Junior Cash ISA ideal for encouraging a savings habit from an early age. Children can open and operate an account themselves from the age of 16, or parents and legal guardians can open and look after an account for a young family member from birth. Ask our team for details.

 

The Society is required by the Financial Conduct Authority to provide you with certain key information about this account in the form of a Summary Box. You should read this to enable you to make an informed decision and compare our product with those of other providers. Below, you have the option to download and print or save the full summary box, view elements of it one-by-one, or expand the accordion further down this page and view the full product details in one go.

 

Important note – With effect from 6 January 2021, all account types have been temporarily closed to new applications as our accounts are now over-subscribed. This position will be reviewed on a regular basis and any changes will updated on the website.

Young Savers Account or Junior Cash ISA

This might suit you if

  • You are 16 or above and want somewhere to save up your pocket money towards a special purpose
  • You are a parent or legal guardian and wish to save for the future of your child
  • Please note that there are strict rules governing how children’s accounts can be managed. Ask our team for details
  • You’d like a passbook, so that you can watch the savings grow

Junior Cash ISA

1.75%

Variable / Gross*/AER**

Save from £1

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*Gross rate – the contractual rate of interest to be paid on a savings account without any deduction being made in respect of potential tax liability.

**AER - stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. FCS Logo

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Summary Box

Junior Cash ISA.

1.75% Gross* / AER**

Interest is calculated daily and added annually on 5th April at close of business.

Yes, all of our interest rates are variable.

Refer to the Junior Cash ISA Terms & Conditions and General Savings Terms & Conditions for full details.

£1,017.50

This figure is for illustration purposes only and assumes no further deposits, transfers in, withdrawals or interest rate changes.

Available to UK Residents and UK Tax Residents aged under 18, who do not hold a Child Trust Fund or another JISA of this type for this child in the same Tax Year as this Cash JISA is subscribed to.

Complete the application form, relevant declaration(s) and provide necessary identification then forward together with the initial deposit (payable to the account holder) to the Society’s office.

The minimum opening deposit is £1. Contact us to transfer the full balance to/from another provider.

The maximum deposit per Tax Year is set annually by HM Revenue and Customs. For the Tax Year 2020/21, the maximum deposit is £9,000.

This account can be operated by a child over the age of 16 or by the registered contact with parental responsibility, and can be managed via post and branch.

The Society will be in contact regarding the options at maturity of the account, as the JISA will not continue past the child’s 18th birthday.

Withdrawals are not permitted from this account.

* Gross rate – the contractual rate of interest to be paid on a savings account without any deduction being made in respect of potential tax liability.

**AER – stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

How to apply

To apply, please complete the application form below and either call in to our branch or send the completed form with your opening deposit to the Beverley Building Society at 57 Market Place, Beverley, East Yorkshire, HU17 8AA

Forms, guides and Ts & CsDownload Application FSCS Information Sheet and Exclusions List 2020

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