You are in

Junior ISA

Summary Box

Account name Junior ISA
What is the interest rate?

AER/tax-free (variable)
Tier Junior ISA Junior ISA for 1|2|3 World or Santander Select customers
£1+ 2.25% 2.75%


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?
Account name Interest earned Balance after 12 months
Junior ISA £22.50 £1,022.50
Junior ISA for 1|2|3 World or Santander Select customers £27.50 £1,027.50

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
We’ll contact the registered contact around 90 days before maturity and/or the child around 14 days before maturity. At maturity on the child’s 18th birthday, we’ll transfer the Junior ISA to an ISA Saver in the child’s name only, currently paying 0.10% AER/tax-free (variable) for balances of £1+ and 0.50% AER/tax free (variable) for balances of £10,000+.

How do I open and manage my account?

To open the account the child must be:

  • aged under 18; and
  • a UK resident, UK Crown Servant or a dependant of a UK Crown Servant.

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.

To be eligible for the higher interest rate the child or the registered contact must be a 1|2|3 World or a Santander Select customer at point of opening.

Opening

  • Visit any Santander branch.

Junior ISA transfers
This Junior ISA is a cash Junior ISA. A child can only have one cash Junior ISA and/or stocks and shares Junior ISA at any one time up to their 18th birthday. If a child already has a cash Junior ISA, it must be transferred in full at the point of account opening. Stocks and shares Junior ISA transfer in are allowed at any time and can be made for the full or partial amount.

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. 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
There is no minimum deposit required. Save up to the 2016/2017 tax year Junior ISA limit of £4,080 into one cash Junior ISA and/or one stocks and shares Junior ISA per tax year. A tax year runs from 6th April in one year to 5th April the next.

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

  • Online and Mobile Banking, branch and telephone.
  • A certificate will be issued after account opening.
  • Statements are issued annually in March.

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 16 November 2016. 

 


            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.

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 
Our video playlists

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 1 November 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.
 

You may also be interested in

You may also be interested in

Titulo

Lorem ipsum dolor sit amet, consectetur adipiscing elit ipsum dolor sit amet, consectetur adipiscing elit ipsum dolor sit.

Santander UK plc. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England and Wales. www.santander.co.uk. Telephone 0800 389 7000. Calls may be recorded or monitored. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 106054. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. Santander and the flame logo are registered trademarks.