Junior ISA from Vernon Building Society
Protection
FSCS
Up to £120,000
Min balance
£1
Max balance
£9,000
Access
Locked until 18
Interest paid
Annually
Transfers in
Accepted
Branch or post to open - but and managed in branch, or by post/email. More practical than most at this rate tier.
Please verify all details with the provider – for more info read our Disclaimer
Want to know how much interest you will receive with Vernon Building Society'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.
Vernon Building Society's Junior Cash ISA pays 3.75% AER on balances from just £1, which makes it accessible for parents or grandparents starting small. It accepts transfers in from existing Junior ISAs, so it is worth consolidating any older accounts here if the rate suits. The real catch 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 genuinely long-term money. Coventry Building Society and Nottingham Building Society both offer the same 3.75% rate if you want to compare before committing.
Similar accounts from the same category, closest on rate.
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