Best Junior ISAs

A Junior ISA (Individual Savings Account) is a tax-efficient way to save for your child's future. There are two main types of Junior ISA, or JISA. A Cash JISA is similar to a standard savings account, providing competitive interest rates, while a Stocks and Shares JISA invests contributions in a range of assets to try and maximise potential returns.

Like a regular children's savings account, money can be added to a Junior ISA, up to a maximum of £9,000 each year. Funds can't be accessed until the child turns 18, at which point, the account will mature into a standard ISA.

Only a parent or guardian can open a Junior ISA on behalf of children under 16, but once it's open, anyone can contribute. Children aged 16-17 can open their own ISA but can't access it until they turn 18.

Your child can have two Junior ISAs registered in their name: one Stocks and Shares Junior ISA and one Cash Junior ISA.

A Junior ISA is a good way to save for your child's future. As they can't access the money until they turn 18, except in special circumstances, there's no temptation to withdraw money early. The money in an ISA legally belongs to your child, providing a financial boost for their transition into adulthood, whether they want to continue their education, travel abroad or keep growing their savings.