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Post Office Junior ISA

The Very Latest Junior ISA Rates
Fixed Rate Cash ISAs

1 Year Triple Access Cash ISA

from Nationwide

Interest Rate (AER) 0.25%
  • Term: 1 Year, with option to make three free withdrawals
  • Make up to three withdrawals during the 12-month term of this account
  • Open with £1 or transfer in existing ISA funds
  • Manage your account online
  • Interest paid at maturity
  • FSCS Protected
  • Must be UK resident and aged 16 or older
  • Make more than three withdrawals and the rate drops to 0.01% AER/gross p.a. (variable)
  • Not available in branch

Calculate your interest with this plan

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

Post Office Junior ISA

The Post Office Junior ISA is designed to provide a child with a tax-efficient lump sum at the start of their adult life.

It can be set up by parents and legal guardians of the child with a regular Direct Debit from as little as £10 per month or a lump sum of £500 or more. You can also transfer from an existing Junior ISA or from a Child Trust Fund.

Once the account is opened anyone can contribute by Direct Debit, bank transfer or cheque. The only limit is the maximum amount per year: £4,128 for the 2017/18 tax year.

However, once the child turns 18 only they will be able to access the money.

Junior Stocks and Shares ISAs

As this is a Stocks and Shares ISA, it is subject to management fees. Post Office charge an annual management charge of 1.5% and other additional expenses of approximately 0.2% of the value of the fund.

Investment ISAs allow you to invest for your child’s future. They can be opened by the child’s parent or guardian with the proceeds being invested on behalf of the child. Once the child reaches 18, the plan can be cashed in or transferred to an adult ISA, but the plan cannot be accessed or cashed in before this time.

In these plans your capital is not protected meaning there can be fluctuations in the capital value of the plan, which can vary dependent on the risk category of the funds invested in. This means that there is a risk that the money paid in may not be worth as much as it initially did once the account matures. However, there is also the possibility of greater returns.

As this is an investment ISA, ideally you should be looking to put away the money for five years or more to allow for rises and falls in the market to settle so if your child is over 13, a Junior Stocks & Shares ISA might not be suitable.

How to Open an Account

You can open a Post Office Junior ISA with a regular Direct Debit from as little as £10 per month or a lump sum of £500 or more.
You are able to transfer in to this account from another provider by filling in a form and you will be able to transfer to another account with another provider at any time.

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.

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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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