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Junior ISA

Account name AER/Tax-free (variable) up to and including 31 October 2016 AER/Tax-free (variable) from 1 November 2016
Junior ISA  2.50%  2.25%
Junior ISA for 1|2|3 World and Santander Select customers  3.00%  2.75%

Junior ISA is a tax free savings account for children under the age of 18. A Junior ISA allows you to build up a child's savings and earn tax free interest. You can open a Junior ISA for your child if you have parental responsibility for any eligible child under the age of 18 (or the child themselves can open it if they are aged 16 or 17).

  • No withdrawals or closures are allowed until the child's 18th birthday.

  • You manage the account using online, telephone banking or in branch. The account can be opened in branch only.

  • Junior ISA transfers between providers are allowed at any time.

  • From 6 April 2015 transfers from Child Trust Funds to your Junior ISA are allowed.

  • An eligible child can only hold one cash and or/stocks and shares Junior ISA at any one time up to their 18th birthday. You cannot hold a Child Trust Fund and a Junior ISA (of any type) at the same time.

  • Save up to your annual Junior ISA limit in this cash Junior ISA.

  • The Junior ISA limit for the tax year starting 6th April 2016 is £4,080.

  • Preferential rates for 123 World and Santander Select customers. The registered contact or the child must be a 1|2|3 World or Santander Select customer.

The favourable tax treatment of Junior ISAs may change in the future.

A Santander 1|2|3 World customer is someone who holds one of our 1|2|3 current accounts, 1|2|3 Credit Card (including additional card holders) or the 1|2|3 Mini Account (in Trust). Trustees are not classed as 1|2|3 World customers. All customers must meet the eligibility for each product and 1|2|3 World offer. Find out more about 1|2|3 World

To join Santander Select you must have a current account with Santander and meet one of the following criteria: pay your main income of at least £5,000 per month into a Santander current account (excluding transfers from other Santander accounts), or maintain £75,000 in any Santander investment(s), savings or current account, or have a property worth at least £500,000 with a Santander mortgage. Find out more about Santander Select

Junior ISA 
A Junior ISA is a way to grow children's savings tax-free. Junior ISA is a cash ISA.

Interest Rates

Account name AER/Tax-free (variable) up to and including 31 October 2016 AER/Tax-free (variable) from 1 November 2016
Junior ISA  2.50%  2.25%
Junior ISA for 1|2|3 World and Santander Select customers  3.00%  2.75%

The favourable tax treatment of Junior ISAs may change in the future.

Interest is calculated daily and added to the account annually at the beginning of March.

The rate is variable which means it could go up or down at any time. 

For 123 World and Santander Select customers we offer a preferential interest rate; to be eligible the registered contact or the child must be a 1|2|3 World or Santander Select customer.

A Santander 1|2|3 World customer is someone who holds one of our 1|2|3 current accounts, 1|2|3 Credit Card (including additional card holders) or the 1|2|3 Mini Account (in Trust). Trustees are not classed as 1|2|3 World customers. All customers must meet the eligibility for each product and 1|2|3 World offer. Find out more about 1|2|3 World

To join Santander Select you must have a current account with Santander and meet one of the following criteria: pay your main income of at least £5,000 per month into a Santander current account (excluding transfers from other Santander accounts), or maintain £75,000 in any Santander investment(s), savings or current account, or have a property worth at least £500,000 with a Santander mortgage. Find out more about Santander Select.

Eligibility
A cash Junior ISA is available to children if they are under the age of 18 and a UK resident

A child can only have one cash Junior ISA and/or one stocks and shares Junior ISA up to their 18th birthday. Santander currently only offer a cash Junior ISA. A child cannot hold a Child Trust Fund and a Junior ISA (of any type) at the same time.

Child Trust Fund transfer requests in must be made at the point a cash Junior ISA is opened with us and the full amount must be transferred. The child trust fund registered contact and the Junior ISA registered contact must be the same person. A Child Trust Fund being transferred in must be held in the child’s name.

Children may have a Child Trust Fund in their name if they were born on or after 1 September 2002 and on or before 3 January 2011 and eligible. If you are unsure as to whether a child has a Child Trust Fund you should visit the HM Revenue & Customs website to complete a form in order to trace their Child Trust Fund before you apply for a cash Junior ISA with us. If the child does hold a Child Trust Fund, the person applying for the cash Junior ISA must be named as the registered contact on the Child Trust Fund.

The Junior ISA must be held in the name of the child, must remain in the beneficial ownership of the child and must be managed by the registered contact.

For children under 16, the account must be opened by a person with parental responsibility who will be set up as a registered contact on the account and will manage the account. 

Children aged 16 or 17 can open and manage the account in their own name or it can be opened by a person with parental responsibility who will be set up as a registered contact on the account and will manage the account on the child's behalf.

From the age of 16, children can also open a regular adult cash ISA so it may also be worth looking at our other cash ISA products.

Accessing your money
No withdrawals or closures of the account are allowed until the child's 18th birthday. The account must remain open until the child's 18th birthday.
We recognise that there may be exceptional circumstances that apply sometimes, the Junior ISA Key Facts Document in the ‘Terms & Conditions’ section provides more detail of the situations that allow withdrawals.

Junior ISA transfers between providers are allowed at any time. You will need to contact your new ISA provider to arrange a transfer out. Any cash Junior ISA transfers in, must be made at the point of application.

Deposits allowed at any time via standing order, one off payments or internet transfers.

Junior ISA Limits

You can deposit the 2016/17 Junior ISA limit of up to £4,080 from 6 April 2016.

When a child turns 18
When a child turns 18 the Junior ISA will become an adult cash ISA in the child's name only, with rates dependent on the account balance at the time. Rates are currently 0.25% AER Tax-free (variable) for balances of £1+ and 0.75% AER Tax-free (variable) on balances £10,000+. From 1 November 2016, rates will be 0.10% AER Tax-free (variable) for balances of £1+ and 0.50% AER Tax-free (variable) for balances of £10,000+. The money in the account belongs to the child and only the child will be allowed to withdraw funds, pay in funds or transfer them to an alternative account, subject to providing Santander with personal identification and completing a cash ISA declaration. Any money withdrawn from the cash ISA will lose its tax free status.

Changing your mind
A 14 day cancellation period applies. If within 14 days of opening this account it no longer meets your needs, the account can be cancelled and the money will be returned to the registered contact in full with interest and without penalty. If you transfer in funds from an existing Junior ISA and subsequently cancel the account, your existing ISA provider may not accept the return of the Junior ISA funds. In this case you can either continue to save with us or transfer the Junior ISA in full to another ISA provider. You will need to contact your new ISA provider to arrange the transfer. If you don’t exercise your right to cancel; the Junior ISA will continue with us.

The cash Junior ISA is subject to availability. Rates may vary and are correct as at 18 August 2016.

Deposits
You can make multiple deposits into a cash Junior ISA, at any time, up to the annual Junior ISA limit by:

Standing order - these can be set up online or in branch with most banks and building societies
One-off payments - cash/cheque or from another bank or building society
Online transfers - from another Santander account or from another bank or building society

Any money paid into the cash Junior ISA is a gift to the child and cannot be repaid. All the money in the account belongs to the child.

Transferring a Child Trust Fund from another provider 
A child cannot have a Child Trust Fund and a Junior ISA (of any type) at the same time so if you are opening a cash Junior ISA with Santander and have a Child Trust Fund elsewhere, you must request to transfer it to Santander. This must be done at the point you open a cash Junior ISA with Santander in branch, Santander will arrange the transfer in and your Child Trust Fund will be closed.

Transferring a Junior ISA from another provider  
You can transfer in balances from existing Junior ISAs held with another ISA provider to a Santander cash Junior ISA. The Junior ISA being transferred in must be held in the child's name.

Transferring in a cash Junior ISA
A child can only have one cash Junior ISA so if you are opening a cash Junior ISA with Santander and have another cash Junior ISA elsewhere, you must request to transfer it to Santander. This must be done at the point you open a cash Junior ISA with Santander in branch, Santander will arrange the transfer in and your old cash Junior ISA will be closed.

Transferring in a stocks and shares Junior ISA
A child can have one cash Junior ISA and one stocks and shares Junior ISA. If you are opening a cash Junior ISA with Santander and have a stocks and shares Junior ISA elsewhere, you can choose to keep your stocks and shares Junior ISA or you have the option to request to transfer it to Santander at any time. This can be done by completing the form below. Alternatively, you can request the form via telephone on 0800 328 1 328* or in your nearest Santander branch

Please consider the following before deciding to transfer your Junior ISA to us:
We don't charge a transfer fee but other providers may.  If you are transferring in a cash Junior ISA, the full amount must be transferred in. For stocks and shares Junior ISA transfers in, you can choose to transfer in the full amount or a partial amount. Santander does not provide advice as to whether transferring your Junior ISA(s) is right for you.

Stocks and Shares Junior ISA Transfer Form (pdf) 

Once you have completed the Stocks and Share Junior ISA Transfer Form, please send to the following address.

ISA Customer Services
PO Box 1112,
9 Nelson Street
Bradford, BD1 9NR

* Lines are open 8am to 6pm Monday to Friday and 8am to 4pm Saturdays. View our call charges.

Online Banking
Secure, 24/7 banking. Make payments in, view statements and much more. For more information find out more.

Watch our Online Banking videos to learn more.

Mobile Banking
Bank from anywhere using our apps or by using m.santander.co.uk. For more information find out more.

Watch our Mobile Banking videos to learn more.

Text me the app 

Telephone Banking
24/7 banking by phone. Speak to us during the day and in the evenings or use our automated service any time of day. Call us on 0800 9 123 123.

Branch
You can visit our extensive branch network to speak to us.

Find out more
Online Banking
Mobile Banking 
Telephone Banking 
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There is no cash card or passbook for this account. A Junior ISA Certificate will be issued to the registered contact in the post after account opening.

The cash Junior ISA is managed by the registered contact for children aged up to 16. For children aged 16 or 17 the account can be managed by either the child or the registered contact. 

Where the account is managed by a registered contact, information about the account will only be available to the registered contact.

From the age of 16 the child can apply to become the registered contact and take over management of an existing account opened on their behalf, subject to an application process. This can be done without the consent of the existing registered contact on the account. Once this is done the registered contact status cannot change to another person. 

The registered contact status on an existing account can be transferred to another person with parental responsibility for the child, subject to an application process. The consent of the existing registered contact will be required subject to certain exceptions as defined by HM Revenue & Customs.

To apply to become the registered contact on an existing account, please complete the form below.

Cash Junior ISA Change of Registered Contact Form (pdf) 

Once you have completed the form, please send to the following address.

ISA Customer Services
PO Box 1112,
9 Nelson Street
Bradford, BD1 9NR

Everything you need to know before you apply
We recommend reading the information in the documents below before you apply. You may like to save or print them so you can refer to them in the future. 

Junior ISA Key Facts Document (pdf) 

General Terms & Conditions (pdf) 

To view these documents, you may need to download Adobe Reader.
 

The account can be opened in branch only. Please read full product details and terms & conditions before applying. 

If you are applying to open a Junior ISA on behalf of an eligible child, you must be:

  • a person with parental responsibility for the child

  • over 16 years of age

  • a UK resident

A child is eligible for a Junior ISA, if when an account application is made:

  • they are under the age of 18,

  • they do not have a Child Trust Fund account or the Child Trust Fund account will be transferred as part of the application, and they are

  • a UK resident 

To get the higher rate on the Junior ISA the registered contact or the child must also be a 1|2|3 World or Santander Select customer.

A Santander 1|2|3 World customer is someone who holds one of our 1|2|3 current accounts, 1|2|3 Credit Card (including additional card holders) or the 1|2|3 Mini Account (in Trust). Trustees are not classed as 1|2|3 World customers. All customers must meet the eligibility for each product and 1|2|3 World offer. Find out more about 1|2|3 World

To join Santander Select you must have a current account with Santander and meet one of the following criteria: pay your main income of at least £5,000 per month into a Santander current account (excluding transfers from other Santander accounts), or maintain £75,000 in any Santander investment(s), savings or current account, or have a property worth at least £500,000 with a Santander mortgage. Find out more about Santander Select.

Apply in branch 
Find your nearest Santander branch or call 0800 085 1553 to make an appointment. Lines are open 8am to 9pm Monday-Friday and 8am-9pm Saturday. View our call charges.

You'll need to bring some proof of your name and address and ID for the child the account is being opened for. See a list of acceptable identification

If the child is aged 16 or 17, their National Insurance number should be provided, if they have one.

If you already have a Santander cash Junior ISA, you can keep the existing account number and sort code by upgrading the cash Junior ISA to another Santander cash Junior ISA. You can upgrade the existing Junior ISA in branch or by telephone. The product details and new interest rate will change with immediate effect following the Junior ISA upgrade being processed.

Child Trust Fund transfers in must be made at the point a cash Junior ISA is opened with us and the full amount must be transferred.

Rates and information correct as at 18 August 2016.

Frequently asked questions

  • An eligible child can only hold one cash Junior ISA and/or one stocks and shares Junior ISA at any one time up to their 18th birthday. A person with parental responsibility can open one cash Junior ISA for each eligible child they have parental responsibility for. If more than one Junior ISA of each type is opened for a child, HMRC will instruct Santander to close the additional Junior ISA(s) opened and return any money paid in.

  • From 6 April 2015, a Child Trust Fund can be transferred to a Junior ISA. A child cannot have a Child Trust Fund and a Junior ISA (of any type) at the same time so if you are opening a cash Junior ISA with Santander and have a Child Trust Fund elsewhere, you must request to transfer it to Santander. This must be done at the point you open a cash Junior ISA with Santander in branch, Santander will arrange the transfer in and your Child Trust Fund will be closed.

  • HM Revenue & Customs rules state that no withdrawals or account closures are allowed on a Junior ISA; once a Junior ISA has been opened the account must run until the child's 18th birthday. Exceptional circumstances apply; please see the Junior ISA Key Facts

  • To find your savings interest rate you can use our Interest Rate Finder.

    If you hold a Fast Access, SIPP Fast Access, Special Reserve, Cash ISA (TOISA), Retirement Investment Account (ANRIA), Santander Shareholder Account, Treasurers Instant Saver or Charity Investment Account, details of your interest rates can be found here.

  • On the child's 18th birthday their cash Junior ISA matures and the money transfers to an adult cash ISA, in the child's name only. All the money in the account belongs to the child. The child will be allowed to withdraw funds, pay in funds or transfer them to an alternative account, subject to providing us with personal identification. If the child wishes to subscribe to the adult cash ISA they will need complete a cash ISA declaration.

  • For the current tax year, 2016/17, you will be able to save up to £4,080 which can be paid into a cash Junior ISA, a stocks and shares Junior ISA or a combination of the two. 

  • Can't find what you are looking for? More help can be found at on the ISA FAQs page.

AER explained
AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year.

Tax Free explained
The tax free rate is the rate of interest payable where interest is exempt from income tax.
 

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