Junior ISA
Key features
- This is a variable rate product
- Open with just £1.
- Save up to the maximum subscription for any tax year. Annual subscription for tax year 2025/26 is £9,000.
- A passbook will be issued when the account is opened.
- Only one Cash JISA from one provider can be held at any one time.
- You cannot hold a JISA AND a Child Trust Fund.
- The Society accepts transfers in of Cash JISA ONLY – we do not accept transfers from a Child Trust Fund or stocks and shares JISA
This savings account may be right for you if …
- you’re happy with a variable interest rate
- you like to be able to add to your account
- you’re happy that the account is in the child’s name and therefore the money belongs to the child
- the child is below the age of 18
- you’re happy to operate your account with a passbook via the branches or the post
- Rate
- 3.75%
- Interest paid
- Annually
Summary information
What is the Interest Rate?
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- Interest is variable and the rate is currently 3.75% Gross/AER*.
- Interest is calculated daily and paid annually on 5 April.
- A full list of our current interest rates can be found on our Interest rate poster.
Can the Loughborough Building Society change the Interest Rate?
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- We may change interest rates at any time.
- For further information about why we may change the rate and how we will tell you about a change, please refer to section 7.4 of the Society’s General Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?
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- Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,037.50.
- Please note that this projection is provided for illustration purposes only and assumes that no changes take place on the account after the initial deposit is made.
How do I open and manage my account?
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- To open an account you need to provide a completed application form, the minimum investment of £1.00, proof of your identity and address.
- Available to young people who:
- Are under the age of 18 years.
- Don’t have a Child Trust Fund account.
- Are UK resident or a dependent of a UK Crown servant or married to or in a civil partnership with a UK Crown servant.
- Don’t have another Cash JISA
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- Only one Cash JISA from one provider can be held at any one time.
- You cannot hold a JISA AND a Child Trust Fund.
- The Society accepts transfers in of Cash JISA ONLY – we do not accept transfers from a Child Trust Fund or stocks and shares JISA.
- Save up to the maximum subscription for any tax year. Annual subscription for tax year 2025/26 is £9,000.
- Available to new members and existing members residing in the United Kingdom.
- All accounts must be administered by a registered contact.
- We will accept JISA transfers in full from other providers.
- If you wish to transfer your full Cash JISA to The Loughborough from another provider, you’ll need to complete an JISA application form and a JISA Transfer Authority Form. We’ll then communicate with your current provider to arrange the transfer.
- This account can be operated via branch and post.
- A passbook will be issued when the account is opened.
Can I withdraw money?
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- Withdrawals are not allowed before the child’s 18th birthday, all amounts invested together with all interest accrued must remain in the JISA.
- A passbook must be presented when a withdrawal is requested at maturity, at which point the Society may request documents to verify the child’s identity.
Additional Information
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- Tax-free.
- Before the child’s 18th birthday we will write to the registered contact with details of the options available. If no instructions are received at that time, the JISA will be transferred to a holding account, which is also tax free under current legislation, but may not be the same interest rate.
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- *Gross means the annual rate of interest before any deduction of income tax. This account is tax free. AER illustrates what the interest rate would be if it were paid and added each year.
How to apply
Opening an account is easy and you can do that in any of our branches or by post.
Simply download, print and complete the application form (the application form will be available to download once you’ve clicked to accept the terms and conditions below). Then return your completed form, necessary identification and opening cheque to your preferred branch or post it to Loughborough Building Society, 56 Woodgate, Loughborough, LE11 2TZ, alternatively, you can scan your completed, signed application and identity documents to [email protected]. An electronic payment can be made once the account is opened.
If you are transferring a Junior ISA in from another provider you’ll need to send in the Junior ISA Transfer Authority Form with your completed app form and ID
The person who opens the account is the Registered Contact. If the child is under 16, the account must be opened by a person who has parental responsibility for the child (as shown on the full birth certificate). When opening an account for a child who is under 16 you will need the child’s FULL birth certificate. We will also need identification for the adult.
Cheques must be payable to the account holder.
For postal applications we will accept photocopy or scanned documents, not photographs. The copy must be a clear, readable version of the full original document.
You should read all the product information to ensure this account is right for you and also the Financial Services Compensation Scheme Information Sheet and our General Terms and Conditions.
Download application form
What you need to know about ISAs
To make the most of tax-free savings you should fully understand how an ISA works. We recommend you read our guide which will give you important information to help you decide if our Junior ISA is right for you.
Terms and Conditions
Before opening this account please read our General Terms and Conditions.
Financial Services Compensation Scheme
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations. It’s important that you read the FSCS Information Sheet. It provides basic information about the protection of your savings deposits.
Still need help?
Our help section is full of useful information, but if you can’t find what you need you can pop into one of our branches. Or if you’d rather just chat, give us a call.
Call us on 01509 631960
Monday – Friday
9am – 5pm
Weekends and bank holidays
Closed