Progressive Building Society

Progressive Building Society

Phone: 0044 028 90244926, 0044 0845 6042979
Fax: 0044 028 90330431

Cash Junior ISA

The Junior ISA (JISA) is a new tax free savings account, which allows you to save on behalf of a child.
Interest Rate
AER 2.50%
Minimum Balance
Age Under 18.
This account is only available to existing members or new customers resident in Northern Ireland.
Minimum opening balance of £1.
Maximum investment of £3,720 in the 2013/2014 tax year.
Account is available to any child under the age of 18 who is resident within the UK and wasn’t eligible for a Child Trust Fund (CTF):
children born on or after 3 January 2011.
children born on or before 31 August 2002.
children born on or between 1 September 2002 and 2 January 2011 and who didn’t qualify for a Child Trust Fund.
Account is held in the name of the child but opened and managed by a parent or someone with parental responsibility.
Eligible children over the age of 16 will be able to open JISAs for themselves.
Anyone can contribute to a child’s JISA.
Interest paid gross (no deduction of basic rate tax).
No withdrawals are allowed before the child reaches 18 years of age.


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