Junior Cash ISA

Savings Account

-At the age of 16 the child can assume management responsibility for the account
-At the age of 18, the Junior ISA will transfer into an Adult ISA. Full ID will be required by the child before the transfer is made

-2.90%

Savings

-2.90 %

-£1

-The minimum investment and account balance is £1
-The maximum investment is £3,600 per tax year
- Additional deposits allowed subject to the ISA terms and conditions
-Available to UK resident children under the age of 18 who do not hold a CTF account. Eligibility rules apply
-External transfers allowed from other Junior ISA providers
-This ISA does not comply with the CAT standard
-Until the child reaches the age of 16, the account will be managed on their behalf by a person with parental responsibility for the child
-At the age of 16 the child can assume management responsibility for the account
-At the age of 18, the Junior ISA will transfer into an Adult ISA. Full ID will be required by the child before the transfer is made
-No withdrawals allowed until the child reaches the age of 18
-Interest earned on a daily balance and credited on the 5th April each year
- Chorley Building Society is not responsible for the favourable treatment of tax, which is subject to government legislation and may not be maintained
- We are a member of the Financial Services Compensation Scheme (FSCS) and you may be entitled to compensation if we are unable to meet our financial obligations. Payments under the scheme are limited to a maximum of £85,000 per investor. For further information about the scheme (including amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website www.fscs.org.uk or call 0207 741 4100 or 0800 678 1100 (Monday to Friday 8.30am-5.30pm)
-Further information about the Cash ISA scheme can be obtained by visiting the HM Revenue & Customs website www.hmrc.gov.uk/isa or by calling them on 0845 604 1701 (Monday to Friday 8.30am-5.30pm, Saturday 8.00am-4.00pm)
- We are committed to addressing complaints fairly, effectively and promptly and a copy of our internal complaints procedure will be provided to you when you first become a member of the society and subsequently on request
- In respect of Cash ISAs we offer a 14 day cooling off period to protect your interests.
- The interest paid on this Junior Cash ISA is tax free