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Compare Junior ISAs /

Compare Junior Cash ISAs

Select the best junior cash ISA to save this year's tax free allowance.

Junior Ethical Stocks & Shares ISA

from Nutmeg

Regular Savings
  • Invest From: £100 lump sum
  • Investment Options: Nutmeg offer a socially responsible junior investment ISA which places emphasis on environmental and social and governance factors. Capital at risk.

Junior Stocks & Shares ISA

from Interactive Investor

Regular Savings
  • Invest From: £25 pm
  • Investment Options: Choose from more than 40,000 UK and global investment options for your child's ISA. Capital at risk.

Junior Stocks & Shares ISA

from Wealthify

Regular Savings
  • Invest From: £1
  • Investment Options: Choose from one of five investment styles based on risk, and a team of experts build your child’s Junior ISA, choosing which investments to buy and managing them on your behalf

Junior Sustainable Stocks & Shares ISA

from Shepherds

Regular Savings
  • Invest From: £10 pm
  • Investment Options: The fund aims to invest in sustainable companies that offer long-term growth, while making a positive difference to the world your child grows up in. Capital at risk.
See Deal When you make your first payment into a Junior ISA or Sustainable Junior ISA, Shepherds will send you a Love2shop voucher code worth up to £50.

Junior Stocks & Shares ISA

from Scottish Friendly

Regular Savings
  • Invest From: £10 pm
  • Investment Options: A selection of 9 funds so you can tailor your child's investment. Capital at risk.
See Deal When you take out a My Select (Junior ISA) Scottish Friendly will pay £50 into the Junior ISA for your child.

Junior Stocks & Shares ISA

from Best Invest

Regular Savings
  • Invest From: No Minimum
  • Investment Options: Choose your own investments, invest with help from an adviser or let the experts take care of it all for you. Capital at risk.

Junior Stocks & Shares ISA

from Hargreaves Lansdown

Regular Savings
  • Invest From: £25 pm
  • Investment Options: Invest in over 3,000 funds, UK and overseas shares, investment trusts and ETFs. Capital at risk.

Junior Stocks & Shares ISA

from AJ Bell

Regular Savings
  • Invest From: £25 pm
  • Investment Options: AJ Bell offer a wide range of investments including shares, funds, investment trusts and ETFs (exchange traded funds). Capital at risk.

Junior Stocks & Shares ISA

from Nutmeg

  • Investment Options: Invest in one of four expertly designed portfolios depending on your investment style. Capital at risk.

Junior Stocks & Shares ISA

from Shepherds

Regular Savings
  • Invest From: £10 pm
  • Investment Options: Is an insurance based Junior ISA which invests in stocks and shares via a With-Profits pooled fund. Capital at risk.
See Deal When you make your first payment into a Junior ISA or Sustainable Junior ISA, Shepherds will send you a Love2shop voucher code worth up to £50.

Junior Stocks & Shares ISA

from Beanstalk

  • Invest From: £10
  • Investment Options: Choose from two funds: a cash fund that aims to provide returns in line with money market rates and a shares fund that aims to track the performance of global stock markets.

What is a Junior Cash ISA?

A Junior Cash ISA is a type of tax-free cash savings account for parents to open for their children.

Just like all other types of ISAs, JISAs are free from the following taxes that are normally applicable to regular savings accounts:

  1. Income tax on the interest earned from cash savings
  2. Income tax on dividends held in Stocks and Shares JISAs
  3. Capital Gains Tax on investment growth in Stocks and Shares JISAs

How do Junior Cash ISAs work?

Here are the most important features and rules for Junior Cash ISAs:

  1. They are opened for a child under the age of 18 and can only be opened by a parent or legal guardian of that child
  2. Although a parent or legal guardian must open and control the JISA, anybody can contribute funds, including grandparents and family friends
  3. You can save up to £9,000 in a JISA each tax year per child – this is called the annual JISA allowance, and it refreshes each year and the amount can fluctuate
  4. No money can be withdrawn from a Junior ISA until the child reaches the age of 18
  5. At 18, the JISA turns into an ordinary ISA account in the sole name and control of the child, and all withdrawals are permitted

What do Junior Cash ISAs invest in?

Junior Cash ISAs cash savings accounts in which you earn interest on your cash balance.

Most Cash JISAs offer a variable interest rate on your savings which generally fluctuates based on the Bank of England’s base interest rate.

Some JISAs will offer better interest rates than others, so it’s important to compare Cash JISA providers and shop around for the best return on your savings.

One of the main attractions of Junior Cash ISAs is that your savings can’t go down in value.

The value of the account will always be at least equal to the amount that you put in.

What’s the difference between a Junior Cash ISA and a Junior Stocks and Shares ISA?

While Junior Cash ISAs generate a rate of interest on your cash, Junior Stocks and Shares ISAs allow you to invest the money into shares and funds on the stock market.

This could be in the form of:

  1. Individual shares of companies
  2. Managed funds
  3. Ready-made investment portfolios
  4. Tracker funds, index funds or other tracker investments like ETFs

The potential for high returns is much greater in a Stocks and Shares Junior ISA compared to a Cash ISA, but there is also a risk that your investments can go down in value as well as up, so you could lose money.

How to compare Junior Cash ISAs

Here is a list of the most important features of Junior Cash ISA to consider when you’re comparing providers:

  1. Junior Cash ISA rates
  2. How you can open the account – some Cash JISAs can only be opened online, and some can only be opened in a branch or over the telephone
  3. How you can monitor your account – is there a mobile app, online platform or can you get information over the telephone?
  4. What are the customer service ratings like for the JISA provider, and how much do you value this?

How to open a Junior Cash ISA

Once you’ve found the best Junior Cash ISA for you, you can normally open a JISA online within a few minutes.

Alternatively, there are child Cash ISA accounts that you can open over the telephone or in a branch depending on what is most practical for you.

You can contribute funds with a debit card payment.

Transferring a Junior Cash ISA

You can also transfer existing Junior Cash and Stocks and Shares ISAs into a new Junior Cash ISA, as well as any existing Child Trust Funds (these products have now been discontinued).

To transfer an existing JISA into a new Cash Junior ISA, you’ll need to complete your new provider’s Junior ISA transfer form. Your new provider will then complete your transfer for you on your behalf and notify you when the transfer completes.

A Junior ISA transfer won’t count towards your child’s JISA allowance of £9,000.

James Caldwell
Edited by James Caldwell - ISA.co.uk
Important Risk Information:

This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.

Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.