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Junior Cash ISA Issue 5

4.75% tax-free pa/AER variable
(Annual Interest)

Ready to apply?

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.

Summary Box

Account name Junior Cash ISA Issue 5
What is the interest rate?
Annual Interest 4.75% tax-free pa/AER variable
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 8 of our Savings Account Terms and Conditions explains why we may change the interest rate.
  • If there is at least £100 in the account we'll notify you before we reduce the 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 £1,047 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.
  • You can pay in from £1 up to the total annual Junior ISA allowance each tax year (£9,000 for both the 2022/23 and 2023/24 tax years)
  • No joint accounts allowed.
Can I withdraw money?
  • Withdrawals are not allowed until the child is 18, at which point only the child will be able to withdraw their savings.
  • When the child is 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 the 'Registered Contact' and the child 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.
  • 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.

Before you apply

Proving your Identity

  • If the account is being opened by or for, someone aged 16 or over please provide the account holder's National Insurance number.

If you are not an existing customer of the Society, we will require identification to open the account. If you are opening an account for a child, we will need identification for both you and the child.

If you're opening the account in branch, please bring proof of ID (for any operator and for the child) as set out in our Proving your identity document [PDF].

If you’re 18 or over and on the electoral roll for your current address we may be able to verify your identification electronically, to do this please call us on 0345 608 0783 and we’ll let you know straight away if you’ve passed our checks. If we can’t verify your identity electronically, or if you're under 18, you’ll need to provide us with proof of ID as set out in our Proving your identity document [PDF].

Terms and Conditions

It is important that you read the 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.

Application forms

If you wish to transfer funds to a Skipton Junior Cash ISA from a Junior ISA held with another provider then please contact us on 0345 608 0783.

How to apply


If you'd like to open your account in branch, please contact your local branch to arrange an appointment.


Return your application form and cheque to:

Customer Delivery
Skipton Building Society
The Bailey
BD23 1DN

If you are not satisfied with our services we have an internal complaints procedure. For more information please call us on 0345 608 0783, 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.

You're protected up to £85,000

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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