Parents can deposit up to £4,080, which is the maximum Junior ISA allowance for the 2015–2016 tax year. This amount (and any subsequent deposits) would earn interest and remain tax-free until your child reaches 18 year of age, after which the Junior ISA account is converted into a regular cash ISA or a stocks and shares ISA account.
Santander’s regular Junior ISA account can be opened with as low as a £1 deposit
Interest is paid annually
Allows you to manage your account via telephone, online or in-branch
This ISA account can only be opened by going to a branch
Please review our ISA disclaimer for the rates and accounts presented in this article.
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