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Tesco Junior ISA

The Very Latest Junior ISA Rates
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)

Tesco Junior ISA

A Junior Cash ISA is a simple, affordable way to save for your child’s future if they don’t have a Child Trust Fund. The money in the ISA belongs to the child, who can then withdraw it when they reach 18.

You are able to save up to £4,128 tax free in the 2017/18 tax year, this is the combined total for a Junior Cash ISA and a Junior Stocks and Shares ISA.

Tesco offer:

  • A competitive interest rate
  • Low minimum deposit, you can open your account with just £1
  • Ability to manage the account with online and telephone banking
  • Ability to make deposits whenever you want 

Who Can Open an Account?

Anyone with parental responsibility for a child can open a Junior ISA. So if you're a parent or guardian of an eligible child, you can open a Junior Cash ISA for them.

Other people can save into your child's account as well such as grandparents, other relatives and friends. However, the total savings in the Junior ISAs must not exceed the annual limit for that tax year.

A young person aged 16 or over can open an account themselves but will not be able to do this online.

If you’ve already subscribed to a Junior Cash ISA, then you will only be able to open another if you transfer all of your subscriptions from the existing provider, to the new provider. Your ISA provider may charge a fee to transfer funds.

Children with a Child Trust Fund are not eligible for a Junior Cash ISA but are able to transfer their Trust Fund in to a Junior ISA.

How Transferring Works and What you Can Transfer

A child may only have one Junior Cash ISA at any time or also have a Junior Stocks and Shares ISA alongside. However, it’s possible to transfer all of the money in an existing Junior Cash ISA to another Junior Cash ISA providing the existing account is then closed.

If you want to move your money from a Junior Cash ISA with another provider to Tesco, you can do this by using the ISA transfer process. The process is far quicker and easier than in previous years and simply involves filling in a form.

You are able to transfer:

  • All, but not part, of the funds saved in an existing Junior Cash ISA to a new Junior Cash ISA
  • All or part of the funds in a Junior Cash ISA saved in a previous tax year to a Junior Stocks and Shares ISA
  • All of the money held in a Junior Cash ISA to a Junior Stocks and Shares ISA, then a new Junior Cash ISA can be opened

Some providers may have restrictions or charge a fee on transfers, so you should always check this with them before transferring money to or from another provider.

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.

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.

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