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.
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:
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.
The Nationwide Education website helps young people to understand more about how to manage their finances and achieve their dreams and aspirations.
Find out more about Nationwide Education
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
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.
FSCS - Protecting your money. Find out more
Your eligible deposits with Nationwide Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. This limit is applied to the total of any deposits you have with the following: Nationwide Building Society, Cheshire Building Society, Derbyshire Building Society, Dunfermline Building Society and Nationwide UK (Ireland). Any total deposits you hold above the £85,000 limit between these brands are not covered.
Please click here for further information or visit www.fscs.org.uk
A Junior ISA is a tax-efficient savings account aimed specifically at children where adults can contribute to the accounts on behalf of children.More about Junior ISAs
Smart Junior ISA terms & conditions