Cash Junior ISA
| Amount | *Annually Gross % PA | *Annually Net % PA | *Monthly Gross % PA | *Monthly Net % PA | *A.E.R.% PA |
|---|---|---|---|---|---|
| £100+ | 1.40% | N/A | N/A | N/A | 1.40% |
| £2,500+ | 2.50% | N/A | N/A | N/A | 2.50% |
| Available To: | UK residents born on or after 03/01/2011 or those who were born before 01/09/2002, are aged below 17 and who do not have a Child Trust Fund. New savers, who are opening a savings account for the first time, must open the account in person direct at a branch or agency of Dudley Building Society. This does not apply to existing Dudley Building Society savers. |
|---|---|
| Investment: | Minimum £100. Maximum £3,720 per tax year. |
| Withdrawals: | No Withdrawals or closure are permitted with this account until the account holder reaches the age of 18. |
| Interest: | The interest rate on this account is variable. Interest is paid annually on 30th September. |
| Other Criteria: | The account must be opened and operated by a registered contact who will have parental responsibility for the child. After the age of 16 the young person can open a Cash Junior ISA and be the registered contact in their own right. |
Notes
- AER stands for Annual Equivalent Rate and illustrates what the Interest rate would be if interest was paid and added each year.
- Gross is the interest paid before the deduction of income tax at the rate specified by law.
- The interest rate is variable and not linked to any of the Society's other savings rates.
- This information should be read in conjunction with the Savings Terms and Conditions, Members Guide and the Interest Rate Guide.
- Full Terms and Conditions of Dudley Building Society savings accounts are available on request.
- Full details of the Statutory Rules and Regulations applicable to the Junior Cash ISA are available on request.
- Further information about Junior ISAs can be obtained on the HM Revenue & Customs website www.hmrc.gov.uk