skip to main content
Homepage /

Child ISA Account

Compare latest children's isa accounts
Fixed Rate Cash ISAs

1 Year Fixed Rate Cash ISA

from Aldermore

Interest Rate (AER) 1.45%
  • Term: 1 Year

Open a 1 Year Fixed Rate Cash ISA with Aldermore Bank to get a great return. 

2 Year Fixed Rate Cash ISA

from Aldermore

Interest Rate (AER) 1.60%
  • Term: 2 Year

'Winner' – ISA Provider of the Year for the 5th year running Consumer Moneyfacts Awards 2011-15

3 Year Fixed Rate Cash ISA

from Aldermore

Interest Rate (AER) 1.70%
  • Term: 3 Years

'Winner' – ISA Provider of the Year for the 5th year running Consumer Moneyfacts Awards 2011-15

  • £1,000 minimum opening balance

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

Child ISA Account

The child ISA is an account that is opened on behalf of a child for investment of his/her savings.

The account is managed by an adult as its registered contact until the child attains 16 years of age and takes over as the registered contact. Before the child attains 18 years of age however, the account is strictly a deposit only account. On attaining 18 years, the legal adult age, the child ISA ceases to be that and becomes an adult ISA. The limit on the cash allowance changes and the account holder is then able to withdraw money from the account.

Account details

The account has a variable interest rate that is dependent on the bank or credit institution under which the account is registered.

The account can either be a cash isa or shares and stocks ISA.

There is no tax on the interest gained on the account.

The account has a deposit allowance limit that is set depending on the tax year limit. The limit for the 2017/2018 tax year is £4,128.

Duties of the registered contact

The registered contact is responsible for ensuring that money is deposited into the account through the tax year, as long as it does not exceed the allowance limit.

The registered contact is responsible for updating any information that pertains to the child and is relative to the account. Such information includes a change of name, developing a terminal illness or death.

The registered contact has a duty to change the bank or credit institution under which the account is registered. The transfer follows a similar procedure to that of an adult ISA.

Instances where the registered contact can withdraw from the account

There are special circumstances under which the registered contact can be granted full access to the account, including the ability to withdraw from it. The first circumstance is in the event of the death of the child. The registered contact is required to close the account and provide proof of death in the form of legal documentation, that is, a death certificate.

Another circumstance is when the child is diagnosed with a terminal illness. A terminal illness is one which cannot be treated and under which the child cannot survive more than six months.

Special restriction

A child ISA cannot be opened concurrently with a child trust fund. If the child has a trust fund, then it has to be closed before the ISA can be opened. Money from the fund can then be placed into the ISA.

High Income ISAs

High income ISA ideas:

ISAs Products

Cash ISAs

Fixed Rate & Instant Access ISAs:

Cash ISAs: 

Stocks & Shares ISAs

Types of Stocks and Shares ISA include: 

Stocks and Shares ISAs

Latest News

How much can I pay into an ISA?

21st March 2019

Each tax year, there's a limit set by the government to the amount you can save and invest in ISAs: your “annual ISA allowance”. The allowances are intended to reward savers and encourage us to invest more to support our future retirements, without creating a tax haven that can be taken advantage of by very wealthy individuals who just want to avoid paying tax.

Newsletter Signup

Sign up to our Newsletter to get exclusive news and offers direct to your inbox.

About us

ISA.co.uk is a trading style of Fair Investment Company.

We've been comparing and recommending ISAs for many years so you can trust you're in good hands.

About us

4.91 Average

22 Reviews

Jen

I found the way the different options are presented very clear - much more useful than some other comparison sites. I sent it to my daughter as well.

Paul

Very informative, find myself a good ISA account with best return in terms of interest.

Sue

Easy to use website and up to date. Saved the link on my tablet.

Rob Holden

The website was very useful and informative.

Andrew Johnson

ISA can be confusing at first and this site includes a useful and helpful introduction into the world of ISAs

Crowd2Fund

Excellent website - clear and helpful information about different products - and a trustworthy partner.

Sue

Easy to use website and up to date. Saved the link on my tablet.

Steve

Really simple to use and all the information was clear with lots of products available. The interest calculator was really handy too. Have bookmarked and will definitely use again.

Hannah Gordon

This was a really user-friendly site, and was very helpful when it came to comparing accounts and choosing my 2016 ISA.

Sue

Easy to use website and up to date. Saved the link on my tablet.

Anonymous

If you wish to invest in an ISA this site has it all. A super comprehensive range of simply explained products from all the major companies.

Cristina Iacob

Very knowledgeble company with an extensive range of services, a great website with loads of useful information.

Anonymous

Nice graphics and easy to navigate

Dr Alan Rogan BSc PhD FCIOB FCABE Eur Ing

Good advice and professional approach

Razvan

Very helpful for getting my annual ISA

Jonny Doulton

Clear, concise and very professional outfit with an excellent choice of market leading deals.

Paul Tissington

ISA.co.uk not only helped narrow down my choices for a Junior ISA but also provided additional practical information that helped demystify the whole process.

Sunil Karadia

Just the site I needed, I have been looking for a suitable ISA for a while, but as there are so many to choose from, find it difficult to find the right one for me.

James Weatheritt

I found the information on ISA.co.uk very helpful and easy to understand. The site is easy to navigate and find what you're looking for.

Lisa Holden

I found ISA.co.uk very insightful and easy to navigate through. The content was useful and helped me make my ISA decision.

Neta Pourhosseini

I thought the information provided was easy to understand and very informative, I would recommend to friends for deffinite.