Compare Junior ISAs
Cash Junior ISAs and Investment Junior ISAs are a great way to help save a nest egg for your child’s future.
Once the child reaches 18 years of age they have access to the funds which can be put towards tuition fee’s (university, college etc) a car or even help them get a foot on the property ladder.
Deciding which type of Junior ISA you choose is completely dependent upon you. Each eligible child can hold both a cash junior isa and an investment junior isa so you could share the savings between both accounts should you wish.
A Junior Cash ISA is just like a regular child savings account in that it hold money and pays interest into the account. With this account, any interest earned will be completely free from both capital gains and income tax.
A Junior Investment ISA is a children’s savings account where you hold investments in the account instead of money. Dependent upon the Junior ISA Provider, these investments can range from stocks & shares, government bonds, private bonds, bank deposits, property and much more.