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Junior Cash ISA Issue 7

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

Ready to apply?

This account might be right for you if you:

  • are an adult opening an account for a child under 18
  • are aged 16 or 17 and want full control of your account
  • are happy with a variable rate that can go up or down
  • don't need access to your savings before 18.

Summary Box

Account name Junior Cash ISA Issue 7
What is the interest rate?
Annual Interest 4.75% tax-free pa/AER variable
  • This account earns interest daily and it’s added to the account annually the day before the child’s birthday.
  • Interest cannot be paid into another Skipton account or any other building society or bank account.
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 you have at least £100 in your account, we'll notify you in advance if we intend to reduce 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 £1,047 assuming that:
    • the account is opened with £1,000 and starts earning interest straight away
    • no further deposits are made
    • the interest is paid annually
    • the interest is added to this account
    • there is no change to the interest rates stated.
  • Estimated balances are for illustrative purposes only. They may be less for accounts opened by debit card or cheque, because interest won’t be earned until your account receives the deposit.
How do I open and manage my account?
  • This account is available to UK residents aged under 18.
    • You can apply to open this account yourself if you’re aged 16 or 17.
    • Where the child is under 16 years of age, the account must be opened by a Registered Contact. The Registered Contact must be the person with parental responsibility, and they’ll be authorised to operate the account for the eligible child (the child). 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 open and manage it in branch or by post. You may be required to set up appropriate security and access measures, and these might differ depending on how you choose to manage the account.
  • The minimum opening and operating balance for this account is £1.
  • Subsequent payments in can be made from £1.
  • You can pay in your total Junior ISA allowance each tax year (currently set at £9,000 per tax year).
  • You can also request a transfer in from another Junior ISA you have with another provider.
  • The maximum balance for this account is £1 million.
  • Joint accounts aren’t allowed.
  • Only one Junior Cash ISA can be held in the child’s name at any one time.
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 turns 18, which is known as ‘maturity’, the account will automatically transfer the money into an easy access Cash ISA for adults. You can find out more about the maturity process in term 7 of the further terms and conditions.
Additional information
  • The Annual Equivalent Rate (AER) shows what the interest rate 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

We have an internal complaints procedure. For more information, please call us on 0345 850 1722, ask in branch or visit our Complaints page.

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

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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