With £500 or more to deposit, you can earn tax free interest by placing your funds in a Junior Cash ISA.

Further deposits may be added to the account up to the Junior Cash ISA allowance. The annual limit for the 2018/2019 tax year with effect from 6th April 2018 is £4,260. Up to £4,260 of the allowance can be saved in a Junior ISA with one provider.

Withdrawals are not permitted on an account after the initial deposit until the child reaches 18. However, the account can be transferred to another Junior Cash ISA manager subject to 90 days notice of the transfer.

Transfers of existing Junior Cash ISA’s are accepted to our current variable rate offering, though these should be sent directly to us by inter bank transfer so as to ensure your tax free status is not affected. You should check with your existing provider to see if there are any charges or notice periods should you decide to transfer to us.

per annum

How to apply

To open a new Junior Cash ISA or to transfer an existing Junior Cash ISA, download an application form.

Frequency Gross AER*
Annual payment Gross AER* Download application forms
Summary Box, Key Product Information for our Savings Account(s)
Account name Junior Cash ISA
What is the interest rate?
Can Hodge Bank change the interest rate? Yes subject to us giving you at least 90 days notice prior to the date of the change of the interest rate.
What would the estimated balance be after 12 months based on £1,000 deposit?

Assumes interest is compounded and paid annually at anniversary.

How do I open and manage my account? You can open your account by post and can manage your account by post or telephone. Minimum deposit is £500.00.
Can I withdraw the money? No withdrawals until the child's 18th birthday. Transfers are subject to 90 days notice.
Additional Information At the age of 16 you can hold a Junior Cash ISA and a Fixed Rate Cash ISA but will only be able to subscribe to the Fixed Rate Cash ISA.

Current Junior ISA Subscription Limits

With effect from 6th April 2018, the Junior ISA subscription limit increased to £4,260 for anyone eligible to invest in a Junior ISA.

The full £4,260 of the new ISA allowance can be saved in a cash ISA or a stocks and shares ISA with one provider. It can also be split between a cash ISA and a stocks and shares ISA with either the same or another provider.

Please note Hodge Bank does not provide a stocks and shares ISA

Apply for a new account

If you’re looking to open a new Junior Cash ISA you can download an application form or call us on 0800 028 3746.

Not the product for you?

Why not browse our range of other accounts to see which might suit you best.

* Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. The payment can be made annually or monthly.

† AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded once each year.