Junior Cash ISA - 300

Interest is paid annually on 30th September and on account maturity on the child's 18th birthday.

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

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.

If you were to open this account with £100 and no further deposits or withdrawals were made you would earn £1.80 interest. This would result in a total balance of £101.80.

If you were to open this account with £2,500 and no further deposits or withdrawals were made you would earn £72.50 interest. This would result in a total balance of £2,572.50.

Please note this is an illustration only and does not reflect your specific circumstances.

This account is available to new and existing customers between the ages of 0 - 17 years of age, who are individual personal savers resident in the UK. Only one account per person is permitted.

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. .

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

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.

£100.

£500,000.

£500,000.

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 across all Junior ISA accounts you hold with any provider.

Withdrawals are not permitted until the account holder reaches 18, unless it is an ISA transfer out. Transfers may be permitted in accordance with Junior ISA guidelines.

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. .

On the Child's 18th birthday the funds 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 from you at this time.

Further information about ISAs can be obtained on the HM Revenue & Customers website www.hmrc.gov.uk.

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.

Additional subscriptions are permitted to add the full HMRC allowance for the tax year until the 5th April of the current tax year. After this date, no further subscriptions are permitted.