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Junior Cash ISA

A tax-free account for a child which is ideal for long term savings. It is a good introduction to the ISA market for a child. You can vary the amount you save while taking advantage of the Junior ISA subscription limit. Currently restricted to children who live, work or study in Bath, or whose parents, grandparents or legal guardian have been a Bath Building Society customer for at least the past 12 months. Find out more and apply online.

Interest rate
(AER) i
Variable/Fixed iMin/Max amount iWithdrawals i
From July 01, 2022
Variable£1 - max annual allowanceNot before 18th birthday

Suitable for savers who:

  • live, work or study in Bath, or the parent, grandparent or guardian has been a Bath Building Society customer for at least the last 12 months
  • want a long-term tax-free savings account for a child
  • are 16 or 17, live, work or study in Bath and want to start saving tax-free for themselves
  • want to manage the account online, by phone or in our Branches and Agencies

Not for savers who:

  • might need access to the money before the child is 18
  • want to transfer in an existing JISA or Child Trust Fund

Summary Box

Key Product Information

What is the interest rate?

  • £1+ 3.15% AER
  • From July 01, 2022
  • £1+ 3.30% AER
  • Interest is calculated on a daily basis and will be credited to the account annually on 31st December.
  • *AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Can Bath Building Society change the interest rate?

  • The interest rate is variable, which means we may change it to respond to changes in the Bank of England base rate or changes in law, to meet regulatory requirements, or to respond to changes in codes of practice or changes in our costs.
  • We will give you 30 days’ notice in writing before any reduction to the rate is applied.
  • Full details of the reasons why we may change your interest rate can be found in the Welcome to your Bath Building Society Account brochure.

What would the estimated balance be after 12 months based on a £1,000 deposit?

  • Based on the current rate of interest, if you deposited £1,000 in this account, after 12 months you would have £1,031.50.
  • This figure is only an estimate, based on there being no additional deposits, withdrawals or rate changes in that time with all interest being added to your account. This figure is for illustrative purposes only.

How do I open and manage my account?

  • To open an account, simply apply online below or pop in to any Branch or Agency.
  • Available for UK residents only under the age of 18.
  • Applicants must either be able to evidence that they live, work or study in Bath, or be the child or grandchild of an existing Bath Building Society customer who has held a mortgage or savings account with Bath Building Society for at least the last 12 months.
  • Minimum opening balance £1.
  • Transfer in of an existing JISA or Child Trust Fund is not allowed.
  • Open and operate an account online via Bath Online or visit one of our Branches or Agencies.
  • Account holders can also operate their account by post.
  • Customers are only allowed to pay in up to the maximum annual allowance each year. The annual JISA allowance for 2022/2023 is £9,000.
  • A passbook is issued with this account.
  • We will ask to see identification for the child when they reach the age of 18.

Can I withdraw money?

  • No withdrawals are allowed before the child’s 18th birthday.
  • Account holders will be written to at least one month prior to their 18th birthday as a reminder. In the absence of alternative instructions, on their 18th birthday, the account will automatically be deemed to be an “adult” ISA, and will transfer to an Instant ISA account. Details of the current terms and conditions and interest rate will be provided at that time.

Additional information

  • JISAs are long-term tax-free savings for children, to be opened, operated, and managed by a parent or legal guardian who will be known as the registered contact. The account will be held in the child’s name.
  • Anyone can contribute to the JISA until the child reaches the age of 18, when the operation of the fund will be taken over by the child.
  • The JISA will have the same tax benefits as the adult Cash ISA, which means that there will be no capital gains tax liability and no further tax on income from the JISA. Tax rules may be liable to change over time and the benefits to your child depend on their individual circumstances.
  • Only one JISA can be held by a customer at any time, and all funds must be held with one provider only. Funds can be transferred between JISA providers.
  • Customers between the ages of 16 and 18 can contribute to either their JISA or General ISA only, in any financial year.
  •  Applicants are asked to confirm that they have read the FSCS Information and Exclusions sheet.
  • This account can be withdrawn from availability to new customers by Bath Building Society at any time and without notice. This is a summary of the key features of the account. You should read the Welcome to your Bath Building Society Account brochure to ensure you fully understand how your account works.
  • We reserve the right to close an account where a customer behaves inappropriately when using our services. For example, where a customer has used abusive language.


Important information before you apply

Before you apply please read our terms and conditions document and FSCS information sheet alongside the key product information above to understand how this account works.

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