Junior Cash ISA 

This account might be right for you if:

  • you're an adult opening an account for a child under 18;or
  • you're aged 16 to 18 and want to have full control of your account
  • you're happy with a variable rate of interest that can go up or down.

This account might not be right for you if:

  • you need access to your savings before you're 18
  • you want the security of a fixed rate that's guaranteed for a set amount of time
  • you have savings in a Child Trust Fund.

Summary Box

Account name Junior Cash ISA Issue 4
What is the interest rate?
Annual Interest 2.50% tax-free pa/AER
Interest is earned daily and paid annually the day before the child's birthday.
Monthly Interest: No monthly interest option available.
Can Skipton Building Society change the interest rate?
  • Yes, the interest rate is variable, so it can go up or down.
  • Section 22 of our Savings Account Terms and Conditions explains why we may change the interest rate.
  • If you have at least £100 in your account we'll notify you before any drop in your interest rate.
What would the estimated balance be after 12 months based on a £1,000 deposit?
  • The estimated balance after 12 months would be £1,025 assuming that:
    • the account is opened with £1,000 and interest starts being earned straight away
    • no further deposits or any withdrawals are made
    • the interest is paid annually and added to the account
    • the interest rate stays the same for the full 12 months.
  • Estimated balances are for illustrative purposes only and may be less for accounts opened by debit card or cheque.
How do I open and manage my account?
  • This account is available to UK residents aged under 18, and can be opened and managed in any of our branches or by post.
  • You can apply to open this account if you’re 16 or over. If you have parental responsibility, you can apply on behalf of a child under 16 and you would be the ‘Registered Contact’ and authorised to operate the account. Once the child turns 16 they can apply to become the Registered Contact responsible for managing their own Junior Cash ISA. In that case the original Registered Contact would no longer be able to operate the account.
  • The first payment into the account can be in cash (branch only), by cheque, debit card or transfer from another Skipton account. You can also transfer a Junior ISA in from another provider via our ISA transfer service. After opening, you can also pay in by electronic payment (but not direct debit) or standing order.
  • You can save from £1 up to your total annual Junior ISA allowance each tax year (£4,260 for 2018/2019)
  • No joint accounts allowed.
Can I withdraw money?
  • No, you can't withdraw money until you're 18.
  • When you're 18, we'll add any interest due to the account and then automatically transfer the money into an easy access Cash ISA for adults. This process is known as 'maturity'.
  • We'll contact you before maturity and you can find out more about the maturity process in condition 7 of the further terms and conditions.
Additional information
  • AER stands for Annual Equivalent Rate and shows what the interest would be if interest was paid and added each year. The AER allows you to compare the interest rates on savings accounts. The higher the AER, the better return on your savings.
  • All ISA interest is paid tax-free, which means it's exempt from income tax. Tax rules may change in future.
  • Accounts can be withdrawn from sale at any time and without notice.

If you are not satisfied with our services we have an internal complaints procedure. For more information please call us on 0345 850 1722, ask in branch or visit our Complaints page.

The Financial Ombudsman Service provides a free and independent service for consumers, and can be contacted at The Financial Ombudsman Service, Exchange Tower, London E14 9SR. Telephone: 0800 023 4567.


For products and services bought online you can also refer to the Online Dispute Resolution platform (ODR) at http://ec.europa.eu/consumers/odr/. As we're a UK building society, the ODR will still refer you to the Financial Ombudsman Service as the alternative dispute resolution body. The Financial Ombudsman Service will refer you back to our complaints process unless you've already been through this.

Need help?

If you have a question or need help deciding then you can phone, email or call into a branch - we're always happy to help.

Call us on 0345 850 1722
Our lines are open Monday to Thursday 8am-8pm, Friday 8am-5.30pm and Saturday 9am-12pm.


Things to know before you apply

  • This account can only be opened and managed in branch or by post.
  • You will need your National Insurance number when applying for this account.

If you are a new customer - where possible we use an electronic verification system to verify your identity and address, however we can't do this for postal applications, for children under 18 in England, or if you are not on the electoral roll for your current address. For full ID requirements please see our Proving your identity [PDF] document.

It is important that you read the key features and terms and conditions carefully. These contain the details of your agreement with us and any charges for these accounts and we will rely on them for our relationship with you.

Visit your local branch for further information and to open this account.

Branch finder

This account can be opened by post, download the paper application form below and return with your cheque to the address shown.

Return your form to:

Customer Delivery
Principal Office
The Bailey
North Yorkshire
BD23 1DN

Application forms

For further information on ISA transfers, please visit our Transferring your ISA page.

Financial Services Compensation Scheme

Your eligible deposits with Skipton Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme.

Learn more about the FSCS

FSCS - Protecting Your Money
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