Features and benefits

Smart Junior ISA

At Nationwide we want to make it easy for children to save so we have created a range of children's savings accounts. Our Smart Junior ISA is designed to help give children a helping hand when they reach 18 by building up tax-free savings they can then use for whatever they are dreaming of, whether it's going to university or a deposit for their first house.

Here's what you get with a Smart Junior ISA ...

A great rate of 3.25% AER tax-free variable

Smart pays the same interest rate on every pound in your account, making saving simpler

Tax-free savings

Make unlimited deposits up to the annual Junior ISA allowance, currently £4,000

Open and manage online or in branch

You can open your Smart Junior ISA in any of our branches or online

Open an account for your child

A parent or legal guardian aged 16 or over can open a Smart Junior ISA on behalf of a child under 18

Open an account for yourself

A child of 16/17 can open a Smart Junior ISA on their own behalf

Saving for the future

The money in the Smart Junior ISA belongs to the child but they can't access it until they are 18

Eligibility criteria

UK resident children under 18 who have never been issued a Child Trust Fund voucher may be eligible for a Smart Junior ISA. This includes children who were born before 1 September 2002 (when Child Trust Fund was launched) or on/after 3 January 2011.

Children born between 1 September 2002 and 3 January 2011 may be eligible if they were born abroad (so did not qualify for a Child Trust Fund) but are now resident in the UK.

We're here to help you to save

  • Why not visit the Nationwide Education website, it's designed to help children and young people to understand more about how to manage their finances through fun, interactive games that contain serious messages and link into the curriculum
  • Our Savings Promises ensure we treat you fairly and help you make the most of your savings
  • Through our SavingsWatch service, we'll tell you by email or SMS if we change your savings interest rate up or down and if we launch a new savings account we'll let you know about that too, by email. Find out how to register
  • Keep track of your savings balance with our free mobile banking app

Ready to apply for a Smart Junior ISA?

FSCS logo

Financial Services Compensation Scheme

Protecting your money

Find out more - Financial Services Compensation Scheme

You may also be interested in...

Nationwide Education

The Nationwide Education website helps young people to understand more about how to manage their finances and achieve their dreams and aspirations.

Smart children's accounts

The Smart range of children's savings accounts include instant access, limited access and fixed term accounts so you can choose the account that suits the way you want to save.

Need some help understanding ISAs?

Visit our ISAs explained section to find out what ISAs are, how they work and for more information on ISA limits.

Jargon explained

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
AER includes conditional bonus (if applicable)
The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
The net rate of interest is the interest payable after any income tax is deducted (if you do pay tax).
Tax-free is the contractual rate of interest payable where interest is exempt from income tax.
The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change.

Rates and information

Managing your account