Best Junior Cash Isa. For regular savers even with relatively small amount deposited into your child's isa, preferred interest rates can. Once again, from a high interest yield perspective, halifax offers the best junior cash isa product available.
One cash isa can be opened per year but it is possible to transfer accounts from one provider to another or from a cash isa into a stocks & shares isa. Most parents are keen to give their children the best start in life and saving for their future can play a big part in their plans. Here are the best junior isas for the 2019/20 tax year.
You may be unhappy with your current provider or feel that you are not getting good enough returns.
You can only open one junior cash isa and one junior stocks and shares isa per year and can split the allowance between them as you wish. Ideal for kids who are happy to have their savings put away until they reach 18. Once the child reaches 16, they'll be able to manage their own account. A junior isa isn't always the best solution, and if you are looking to open a cash isa for a smaller amount each month then you may be better off with high interest savings accounts.