This account might be right for you if you:
Our Junior Cash ISA allows savings up to £9,000 per tax year, earning tax-free interest with no withdrawals until they reach the age of 18. Whatever their dreams for the future, the Junior Cash ISA is a great way to save.
From the start of the tax year, which begins on 6 April, they are able to utilise the Junior Cash ISA tax allowance for that year. Further details of the Junior Cash ISA tax allowance applicable at the current time can be found at www.gov.uk/junior-individual-savings-accounts.
Annual interest
£1+ 4.75% Gross¹/AER²
Interest is calculated daily and paid annually on 1 January each year.
The interest rate on this account is variable.
Leek Building Society has the right to change interest rates in certain circumstances. Please see the Society's Statement of Practice Investors leaflet which provides further information on these circumstances.
Based on a deposit of £1,000 the estimated balance after 12 months is £1,047.50. This projection assumes that the amount of £1,000 is deposited in the account at the time it is opened and that no further deposits or withdrawals are made for the full interest period.
This projection is provided for illustration purposes only.
The account can be opened in person at one of our branches or by post.
The account must be opened with a minimum deposit of at least £10.
Available to UK residents only.
Withdrawals and closure are not allowed until the named child reaches 18 or in the case of terminal illness or death.
Withdrawals will not be allowed without the passbook.
Open to all UK residents up to the age of 18 years.
Transfers from Child Trust Funds accepted.
The above rates are applicable from 1 October 2023.
¹ Gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
² AER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and compounded once each year.
In some circumstances, customers will be required to pay tax on interest earned. Please contact HM Revenue & Customs for further information or view their website.
The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change.
You can apply for this account either by post or by visiting your local branch.
We're always happy to help you, whatever your query. You can contact us via phone, online enquiry or pop into any of our branches.
Monday - Friday 9am - 5pm
For dedicated mortgages, savings, insurance and financial planning numbers, visit our contact hub here.
