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Junior Cash ISA

Junior Cash ISA

Our Junior Cash ISA is designed to help provide a helping hand for children when they reach the age of 18.

Whatever their dreams for the future, the Junior Cash ISA is a great way to save.

The Society is happy to accept a transfer to our Junior Cash ISA from a Child Trust Fund. Please contact our savings team on 0800 093 0002 and we will talk you through this process.

From the start of the tax year, which starts on 6 April, you are able to utilise the Junior Cash ISA tax allowance for that year. Further details of the Junior Cash ISA tax allowance applicable at the current time can be found at

  • Save from £10 up to £9,000.
  • Tax free way to start saving for a child's future.
  • Open to all UK residents up to the age of 18 years.
  • Transfers from Child Trust Funds accepted.
  • Variable rate of interest.
Summary Box - Key Product Information
Account Name Junior Cash ISA Savings Account

What is the interest

Annual interest 


1.75% Gross* / AER**

Interest is calculated daily and paid annually on 1 January.

Can Leek United Building Society change the interest rates?

The interest rate on this account is variable.

Leek United Building Society has the right to change interest rates in certain circumstances. Please see the Society's Statement of Practice for Investors which provides further information on these circumstances.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Based on a deposit of £1,000 the estimated balance after 12 months is £1,017.50. This projection assumes that the amount of £1,000 is deposited in the account at the time it is opened and that no further deposits or withdrawals are made for the full interest period.

This projection is provided for illustration purposes only.

How do a I open and manage my account?

The account can be opened in person at one of our branches or agencies or by post.

The account must be opened with a minimum deposit of at least £10. 

Available to UK residents only.

Can I withdraw money?

Withdrawals and closure are not allowed until the named child reaches 18 or in the case of terminal illness or death.

Withdrawals will not be allowed without the passbook.

Additional information

Open to all UK residents up to the age of 18 years.

Transfers from Child Trust Funds accepted.

The above rates are applicable from 16 April 2020.

* Gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).

** AER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and compounded once each year.

For terms and conditions on this product, please click here.

How do I apply?

What next?

View our interest rates

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Savings Fees and Charges

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Proving your Identity

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Savings application forms

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