Junior ISA from Danske Bank
Protection
FSCS
Up to £120,000
Min balance
£25
Max balance
£9,000
Access
Locked until 18
Interest paid
Annually
Transfers in
Accepted
Can be opened by phone or branch and managed online or via app - more flexible than most Junior ISAs at this rate tier. Available to Northern Ireland customers only.
Please verify all details with the provider – for more info read our Disclaimer
Want to know how much interest you will receive with Danske Bank's Junior Cash ISA?
Estimated interest
£1,000 saved
£37.50
At 3.75% AER
£5,000 saved
£188
At 3.75% AER
£9,000 saved
£338
At 3.75% AER
Estimated over one year, assuming the rate stays the same and interest stays in the account. Amounts outside this account's minimum or maximum balance are left out.
Danske Bank's Junior Cash ISA pays 3.75% AER on balances from £25, which makes it a decent home for long-term tax-free savings on behalf of a child. The account accepts transfers in from existing Junior ISAs, so it is worth consolidating if you have one sitting elsewhere at a lower rate. The key thing to understand is that the money is completely locked away until the child turns 18, with the only exceptions being terminal illness or death, so this is not a pot you can dip into. If you want to compare, Coventry Building Society and Nottingham Building Society both offer the same 3.75% rate on their Junior ISA products.
Similar accounts from the same category, closest on rate.
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