Smart Junior ISA
At Nationwide we want to make it easy for you to save for your children's future so have created a range of children's savings accounts. Our Smart cash Junior ISA is designed to help you give your 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.
Key features
- A great introductory fixed rate of 3.25% AER tax-free variable until 31 January 2014, after this the rate reverts to 2.10% AER tax-free variable
- Make unlimited deposits up to the annual Junior ISA limit, currently £3,600
- The money in the Smart Junior ISA belongs to your child but they can't access it until they are 18
- Your child can have a Smart Junior ISA if they are under 16, a UK resident and have never been issued with a Child Trust Fund voucher, read more
- When you open a Smart Junior ISA you'll get exclusive access to offers and competitions with
Junior ISA Interest Rates
| Balance |
Withdrawals per year |
AER% |
AER% including bonus |
Gross p.a.% |
Net p.a.% |
| £1+ |
None |
2.10 |
3.25 |
3.25 |
n/a |
- Rates are variable
- Introductory bonus applicable until 31 January 2014, after this date the rate reverts to 2.10% AER tax-free variable
- Maximum 1 account holder
- Minimum age 0, maximum age 16
- Interest calculated daily and added to the account annually on 31 October
Eligibility criteria
A Smart Junior ISA can be opened by a parent or legal guardian aged 16 or over for a child under 16 that is a UK resident and have never been issued with a Child Trust Fund voucher, this means:
- they were born on or after 3 January 2011 (when Child Trust Fund vouchers stopped being issued) or
- they were born before 1 September 2002 (before Child Trust Fund was launched)
If your child was born abroad between 1 September 2002 and 3 January 2011, but are now resident in the UK, they are also eligible.
You might also like to consider...
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.
Find out more about Smart children's accounts
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.
Find out more about ISAs
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
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.