Cash Junior ISA

Young Savers
Annual Variable Interest % AER*
£100+
1.40%
£2,500+
2.50%
Product Details

Account name

Cash Junior ISA

What is the interest rate? AER*

1.40% annual interest rate on balances £100+

2.50% annual interest rate on balances £2,500+

Interest is paid annually on 30th September. 

(*AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year)

Can Dudley Building Society change the interest rate?

The interest rate on this account is variable and the Society may make changes to this rate at any time. We will notify you of any changes in accordance with the Terms & Conditions. 

What would the estimated balance be? 

If you were to open this account with £100 and no further deposits or withdrawals were made, you would earn £1.40 interest. This would result in a total balance of £101.40.

If you were to open this account with £2,500 and no further deposits or withdrawals were made, you would earn £62.50 interest. This would result in a total balance of £2,562.50

Please note the illustrations provided are based upon a 12 month investment and do not reflect your specific circumstances. 

How do I open and manage my account?

Who is eligible?

This account is available to existing and new customers who are personal savers resident in the UK.  Only one Cash Junior ISA can be opened with any provider at any time. 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. Child Trust Fund transfers to Junior ISAs are accepted. If the child holds a Child Trust Fund it must be transferred as part of your application. 

How do I operate my account?

Any queries regarding your account can be dealt with via branch, email or telephone. Instructions on your account are required in person, at branch or in writing. 

How do I open my savings account?

You may open your account at any one of our branches or via post. 

What is my minimum opening and operating balance?

£100 

What is my maximum operating balance?

£500,000

What is my maximum investment

The maximum annual subscription is limited by HMRC and is £9,000 for the current tax year. This amount can be invested in either a Cash Junior ISA or a Stocks & Shares Junior ISA or be divided between the two. The maximum overall subscription must not exceed £9,000. 

Can I withdraw money?

No withdrawals are permitted until the account holder reaches 18. 

Additional Information

Transfers may be permitted in accordance with Junior ISA guidelines. Child Trust Fund transfers to Junior ISAs are accepted. If the child holds a Child Trust Fund it must be transferred as part of your application. At the age of 18 the fund in the account will be reinvested into a Cash ISA Instant. At this time we will write to you (and the operator if your account has one) detailing other accounts available to you. We may also require a new application form to be completed and additional identification form you at this time. 

Application forms

Child Trust Fund to JISA Application Form pdf icon JISA Application Form pdf icon Identification Requirements for Private Individuals pdf icon JISA Transfer In Form pdf icon

How to apply for our Cash Junior ISA

Branch

Find your nearest branch for more information or to make an appointment.

Phone

Call our team for more information on how you can open an account.

Post

You can apply now by printing the relevant application form at home.