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Best Cash Isa Junior. Given the annual allowance has recently doubled, junior isas could be worth even more in the future. Junior isas can be opened on behalf of a child who is under the age of 18.
The best savings accounts for children, from junior Isas from inews.co.uk
Find out how they work, how different cash isas compare plus our expert tips on. If you were to invest the £9,000 maximum junior isa allowance each year for the next 10 years, a cash isa would be worth nearly £98,000 (based on these returns). Interest is paid on the 1st october each year.
The best savings accounts for children, from junior Isas
Invest in a wealthify ethical junior isa, so you can stay true to your values whilst giving your child’s money a chance to grow. This is not a flexible isa. Alternatively, there are child cash isa accounts that you can open over the telephone or in a branch depending on what is most practical for you. Junior cash isas earn interest in the same way as regular savings accounts.
