Junior ISA

Our Junior ISA is a long-term, tax-free savings account for children. As a flexible savings account you can vary the amount you save, starting with a £1 deposit. Start saving for your child's future and take advantage of the Junior ISA subscription limit (currently £4,368 for the tax year 2019/20) and benefit from an interest rate of 2.00% tax-free p.a./AER*

Read our ISA guide to find out more

Account details

  • Branch only savings offer

  • Variable rate

  • Limited issue – may be withdrawn at anytime

  • Earn interest tax-free*

  • £1 required to open an account

  • Transfers in of external Junior ISAs and Child Trust Funds accepted

Summary table

Account name

Junior ISA

Interest rates (AERs)

Annual interest 2.00% tax-free p.a./AER*

The interest on this account is variable, this means that it can go up or down. The basis on which we might change your interest rate is set out in our terms and conditions

Tax status


Conditions for bonus payments

No bonus payable

Withdrawal arrangements

No withdrawals are allowed during the term of the account. Transfers out to other Junior ISA providers only



Additional information

There are other savings accounts available with The Nottingham and other banks and building societies. Subject to withdrawal conditions you can switch accounts at any point

Key product information

Download key product information

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Your savings are protected

Your eligible deposits with Nottingham Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme.


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  • Rates & account details
  • Managing your account
  • Opening an account

Your interest

We will pay annual tax-free interest into the Junior ISA on 5th April each year until the account matures on the child's 18th birthday.

Paying money in

The minimum amount to open an account is £1.

You can make an unlimited amount of deposits up to the maximum allowance of £4,368 this tax year.

You can also transfer in external Junior ISAs and Child Trust Funds, provided the full balance is transferred. 

You will start to earn interest on the amount you transfer from the day that we receive your funds electronically from your current ISA provider, or from the second day that we receive a transfer cheque. Under the HMRC (HM Revenue and Customs) guidelines your current provider is obliged to complete the transfer within 15 days of receiving the request from us. 

If you would like to use your maximum Junior ISA allowance (£4,368) by investing in a stocks and shares Junior ISA too, we can offer this through our financial planning service.

Please note that with a stocks and shares Junior ISA, their value can fall as well as rise.

Taking money out

No withdrawals can be made until the child reaches 18.

You must keep at least £1 in your account at all times.

What happens when the term ends?

The Junior ISA is a term account and when the term ends on the child's 18th birthday, the account balance will be transfered to our instant access Cash ISA account, or the nearest equivalent at the time. As per the terms and conditions of the account, once the young person reaches their 18th birthday, the adult's name will be removed from the account. Following this, they will have full control over the management of the account and the funds deposited. They will continue to earn tax-free interest at the prevailing variable Cash ISA rate.

How to open

To open an account you must:

  • Have parental responsibility for a child who is:
    • A UK resident
    • Under the age of 18
  • Have £1 to open the account
  • Meet our ID requirements
If you’re 16 or 17 and resident in the UK for tax purposes, you can open this account yourself.

Call your local branch and speak to one of our advisers and find out how you could benefit from a savings account.

Use our savings calculator to find out how your savings might grow over the months.

Exclusive rewards for members

We're committed to helping you save money, buy your own home and plan for a more secure financial future - whatever challenges life throws. If you have a savings balance of at least £500, and either have held one of our savings accounts for at least the last 12 months or currently have a Nottingham Building Society mortgage, you can benefit from a range of offers.

Current interest rates from 6 Apr 2017

Balance Tax-free p.a./AER*
£1 2.00%

*We will pay your interest free of UK income tax. Your tax treatment will depend on your individual circumstances and may be subject to change in the future. The tax treatment of ISAs may also change. AER stands for Annual Equivalent Rate. It shows what the interest rate would be if the interest was reinvested in the account each year. Interest rates are variable unless otherwise stated.

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