Junior ISA from Halifax
Protection
FSCS
Up to £120,000
Min balance
£1
Max balance
£9,000
Access
Locked until 18
Interest paid
Annually
Transfers in
Accepted
Please verify all details with the provider – for more info read our Disclaimer
Want to know how much interest you will receive with Halifax's Junior Cash ISA?
Estimated interest
£1,000 saved
£23.50
At 2.35% AER
£5,000 saved
£118
At 2.35% AER
£9,000 saved
£212
At 2.35% 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.
The Halifax Junior Cash ISA pays 2.35% and is open to any child under 18, with no minimum worth worrying about at just £1 to open. The main catch is that the money is completely locked away until the child turns 18, so this is genuinely long-term saving rather than a rainy-day fund. It accepts transfers in from existing Junior ISAs, which is useful if you want to consolidate. Worth noting that Lloyds Bank and Bank of Scotland both offer their own Junior Cash ISAs at the same 2.35% rate, so if you already bank with one of them it may be simpler to go direct.
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