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Children's ISA Providers

Compare Children's ISA Providers

A junior ISA offers a convenient, tax-efficient way to save for your child's future.

Junior ISAs

My Select Junior ISA

from Scottish Friendly

Regular Savings
  • Investment Options: Invest from £10 a month or a £50 deposit

Why we like it: Invest tax-free from £10 a month or a £50 lump sum — or a mix of both. You can raise, lower, stop and restart your payments any time you like. Offers a selection of eight funds to choose from, so you can tailor your child's investment.

Important: The value of your investments can rise as well as fall. You may get back less than you invested. If you’re unsure, we recommend you ask for independent advice.

Children's ISA Providers

Children's ISAs, also known as Junior ISAs, were introduced in November 2011 to replace Child Trust Funds. Children's ISAs are designed to help parents save for their children in a tax-free or tax-efficient way.

Rules of Children's ISAs

Junior ISAs operate on a similar basis to adult ISAs. Some of the regulations include:

  • The annual Junior ISA allowance is different to that of a normal ISA, you can check the isa allowance limits:
  • The accounts are a tax-efficient wrapper that allows parents, grandparents, friends or guardians to invest up to the maximum allowance a year on a child's behalf, in either cash account or investment funds. These savings and investments cannot be cashed in before the child reaches 18.
  • There are both Junior Cash ISAs and Junior Stocks & Shares ISAs available.
  • Like adult ISAs, you can divide the junior ISA allowance between cash and investments in whatever proportion you wish.
  • Children who already have a Child Trust Fund - that is, children who were born between 1st September 2002 and 3rd January 2011 - do not qualify for a junior ISA. However, there have recently been proposals to allow Child Trust Fund holders
  • A young person aged 16 can open their own Junior ISA; they can also open a regular cash ISA as well.
  • Alternatively an adult with parental responsibility may open a junior ISA on behalf of someone aged under 16 years old.
  • Anyone can contribute towards the Junior ISA once it is opened, including grandparents, family members and friends.
  • All money contributed into a junior ISA is considered a gift and cannot be subsequently returned to the giver if they subsequently change their mind.
  • No withdrawals can be made from the account, until the child turns 18 at which point the account rolls over into a normal type of ISA, in their name, and they can do with it whatever they wish.


Compare the Best Children's ISA Providers

Points to consider when comparing children's ISA providers include:

  • The rate of interest available
  • Whether the provider offers junior cash ISA or a junior stocks and shares ISA
  • Any fixed term interest bonuses - when these end, you may want to switch to a new provider

Currently, not all of the most well-known banks offer junior ISAs, so you may need to look beyond the high street to find the best deal available. Current junior ISA providers include Family Investments, Scottish Friendly, Alliance Trust and Nationwide, and more. Use the tables above to compare a range of the best children's ISAs that are currently available.

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

5 Considerations for Your Next Investment ISA

15th March 2021

You've decided to invest your savings into a Stocks and Shares ISA. You'll be using your tax-free ISA allowance for this year before the deadline, while also investing your money for your future. But what do you need to consider before opening an account? We've put together a list of our top five considerations for you to think about before you click "apply". 

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