Junior Cash ISA (2)

Tax-free p.a./AER



The child can only access the money when they reach 18.

Interest paid



£1 - £9,000

Junior Cash ISA (2)

Tax-free p.a./AER (Variable)
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Account overview


Age requirement icon
Previous years ISA transfer icon
Variable rate icon
Access to money icon

Summary box

Account name

Junior Cash ISA (2)

What is the interest rate?

  Annual interest
Balance Tax-free^ p.a./AER*
£0.01 plus 4.95%

We calculate the interest daily and pay it annually, at the end of 30 September. 


We make a final interest payment on the child’s 18th birthday.

Can Coventry Building Society change the interest rate?

The interest rate is variable, so it can go up or down at any time.

For more details about why we may change the rate, as well as how and when we’ll let you know, see our Saving Accounts Terms and Conditions booklet (section 4).

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



This would be the balance after 12 months if £1,000 was paid in, all interest was paid back into the account annually, there was no change to the interest rate and no money was taken out or paid in.


This illustration is just an example to help you compare accounts. It does not take into account any individual circumstances.

How do I open and manage my account?

If the child is 16 or 17, they can open a Junior ISA(2) on their own. Parents or guardians with parental responsibility can open a Junior ISA and manage the account, but the money belongs to the child.


How to open and manage

  • By post
  • Call 0800 121 8899 for an application form or for help with managing your account
  • Pop into a branch
  • Junior Cash ISAs are for children under the age of 18 and resident in the UK


How to put money into your account

  • Pay in cash or cheques in a branch
  • Post us a cheque
  • Set up transfers from an account with another bank or building society or another account with us
  • By ISA transfer - you can transfer in junior ISA savings or Child Trust Fund savings from another bank or building society
  • The minimum balance is £1
  • You may pay in up to the child’s maximum junior ISA allowance each tax year depending on any money you may have already paid into a stocks and shares ISA for the child. For the current tax year, the allowance is £9,000


How to keep track of your account

You can contact us at any time and obtain an itemised paper statement of your transactions.

Can I withdraw money?

This is a no access account. The child can only access the money when they reach 18.


However, you can move the money to another junior ISA provider anytime with an ISA transfer. If you decide to transfer the money out, you must move all of it.


What happens when the child turns 18?

On the child’s 18th birthday, we’ll convert the account to a cash ISA (variable interest rate, easy access) in the child’s name only. They’ll be able to access their money and/or keep saving if they want to. We’ll send a reminder nearer the time.

Additional information

If you change your mind, you have a 14 day cancellation period after you make your first payment into a Junior Cash ISA (2). Day 1 starts from the day you make your first payment into the account, so if you did this on the first of the month, your cancellation period would finish on the 15th day of the month. If you wish, you may change your mind and close the ISA within 14 days and it will be treated as if you never had the ISA, so you’d still be able to pay into another junior cash ISA this tax year.


Interest on ISAs is paid tax-free, that is gross with no tax deducted. ISAs are a savings scheme initiated by the Government and are subject to change by them. For example the favourable tax treatment may not be maintained.

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

Application checklist

You must be the parent or guardian
Your personal and address details
Ready to open an account?

Junior Cash ISA (2)

Want help?
Our help section is bursting with useful information. If you'd rather chat, just give us a call.


Call us on 0800 121 8899

Lines open
  • Mon-Fri 8am-7pm
  • Saturday 9am-2pm
  • Sunday & Bank holidays Closed
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Want help?
Our help section is bursting with useful information. If you'd rather chat, just give us a call.


Call us on

0800 121 8899

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