Effective from: 14 March 2012
No withdrawals allowed until the child's 18th birthday, except in cases of death or terminal illness. Upon reaching 18 only the child (and no one else) can withdraw the money.
You can apply online, in any Nationwide branch or order an application pack online and we'll post it to you.
The passbook provides the record of transactions. A statement will be sent to you annually. A full statement is available on the Internet Bank.
Interest is calculated daily and paid annually and on maturity.
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.
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
Smart Junior ISA terms & conditions