|Account name||Junior ISA|
|What is the interest rate?|| |
Interest is calculated daily and added to this account annually in March.
|Can Santander change the interest rate? |
|Yes, the rate can go up or down e.g. in response to industry and market conditions. If the rate goes down, we’ll let you know around 14 days before the rate changes.|
|What would the estimated balance be after 12 months based on a £1,000 deposit?|| |
Estimates assume that the account is opened and deposit made on 1st March and no change to interest rates.
These illustrations are only examples and don’t take into account individual circumstances.
At the end of term
|How do I open and manage my account?|| |
To open the account the child must be:
For children under 16, account must be opened by a person with parental responsibility for the child (the registered contact).
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. Joint accounts are not allowed.
Junior ISA transfers
You can transfer your cash Junior ISA to another provider at any time, you will need to contact your new ISA provider to arrange this.
A child can’t hold a Child Trust Fund and a Junior ISA (of any type) at the same time. If a child has a Child Trust Fund, it must be transferred in full as part of the application for a cash Junior ISA with us.
If a transfer in request of a Child Trust Fund or a Junior ISA is made, the child and the registered contact on both accounts must be the same.
Deposits can be made at any time via standing order, one-off payments or online transfers.
Any money paid into this account is a gift to the child and cannot be repaid. The money in the account belongs to the child and can only be accessed by the child at the age of 18.
This product doesn’t accept additional permitted subscriptions.
Manage the account
The account can only be managed by the registered contact on behalf of the child and all communication will be sent to them.
From the age of 16 the child can take over management of the account without the consent of the registered contact. Once this is done the registered contact status can’t change to another person.
|Can I withdraw money?|| |
No withdrawals are allowed until the account matures into an adult cash ISA on the child’s 18th birthday.
|Additional information|| |
You can cancel the account within 14 days of opening and your money will be returned in full with interest.
The favourable tax treatment of Junior ISAs may change in the future.
The cash Junior ISA is subject to availability. Rates and information correct as at 8 May 2017.
Please read the full product details and terms & conditions before applying. Other accounts are available; see our ISA range to find out more
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.
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.
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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.
You can visit our extensive branch network to speak to us.
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For more information about our approach to security as well as more useful information to help you stop the threat of fraud visit our Security Centre.
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.
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.
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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 8 May 2017.
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.
The Junior ISA limit for the 2017/2018 tax year is £4,128 which can be paid into a cash Junior ISA, a stocks and shares Junior ISA or a combination of the two.