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Junior Cash ISA

This long term, tax-free savings account is a great way for children to start saving for the future. You can vary the amount you save while taking advantage of the Junior ISA subscription limit. Find out more below.

Interest rate
(AER) i
Variable/Fixed i Min/Max amount i Withdrawals i
Variable £1 - max annual allowance Not before 18th birthday

Suitable for savers who:

  • want a long-term tax-free savings account for a child
  • are 16 or 17 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

Summary Box

Key Product Information

What is the interest rate?

  • £1+ 2.50% AER.
  • Interest is calculated on a daily basis and will be credited to the account annually on 31st December.

Can Bath Building Society change the interest rate?

  • The interest rate is variable, which means we reserve the right to change it to reflect market conditions, to comply with legal or regulatory guidelines or for any reason we deem to be appropriate.
  • 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 on page six of the General Terms and Conditions leaflet.

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 £1,025.00.
  • 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?

  • Available for UK residents only under the age of 18.
  • To open an account, simply download an application form (below). Also available from any Branch or Agency, or by contacting our customer service team.
  • We will require a copy of the child’s full birth certificate.
  • Identification will be required for all signatories. This is usually obtained through our electronic Equifax search facility. However, if this proves inconclusive, here’s some popular ways to verify your ID including under 18s.
  • Minimum opening balance £1.
  • Account holders can operate their account either by post or through a Branch or Agency office.
  • Customers are only allowed to pay in up to the maximum annual allowance each year. The annual JISA allowance for 2021/2022 will be £9,000.00.
  • A passbook is issued with this account.
  • You can also manage all the accounts you hold with Bath Building Society by registering with Bath Online.

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 a variable rate Cash 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.
  • A child cannot have a JISA if they already have a Child Trust Fund account. The Society accepts transfers in from Child Trust Funds.
  • The JISA will have the same tax benefits as the adult 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.
  • This account can be withdrawn from availability to new customers by Bath Building Society at anytime and without notice.

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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01225 330014

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