Smart Junior ISA interest rates and account details

Summary Box

Key Product Information for our savings accounts

Account name

Smart Junior ISA

Interest rates (AERs) - Variable

Balance	*AER %**	AER** %	Gross p.a. %	Net p.a. %
£1+	2.10	3.25	3.25	n/a

Effective from: 14 March 2012

Tax status

Tax-free

Conditions for bonus payment

The introductory bonus is payable for the period applicable to the particular issue of the account held.

Withdrawal arrangements

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.

Access

Branch

Opening your account

Minimum & maximum balances	Minimum opening balance £1 Maximum subject to the annual cash Junior ISA allowance
How to open	You can apply online, in any Nationwide branch or order an application pack online and we'll post it to you.
Maximum number of savings account holders	1
Minimum age	0

Managing your account

Paying in	You can: pay in over the counter at any Nationwide branch set up a regular standing order transfer money in online from a Nationwide card account
Keeping track of my money	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	Interest is calculated daily and paid annually and on maturity.

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find out more about managing your account

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

FSCS - Protecting your money

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

Useful Information

Smart Junior ISA terms & conditions