Junior Cash ISA

Do you want to save money and build up a tax free lump sum for your child? A Junior Cash ISA is designed as a long term account with no withdrawals until age 18. They could then use this money to fund something like a car purchase or deposit on a house.

Account name Minimum account balance Interest rate Notice period on withdrawal Availability Other
Junior Cash ISA £1 4.75% None

Children under the age of 18 only.

Transfers from other Junior ISA and Child Trust fund providers is permitted.

Account Name

Junior Cash ISA

What is the Interest Rate?

4.75% gross & AER effective from 01/10/2023

Can Stafford Railway Building Society change the interest rate?

Stafford Railway Building Society has the right to change interest rates in certain circumstances. If we change the rates we will give you 14 days’ notice. Please refer to the  savings terms and conditions for further information on these circumstances

What would the estimated balance be after 12 months?


The projections assume £1,000 is deposited in to the account at the time it is opened and that no further deposits or withdrawals are made for the full interest period

This projection is provided for illustrative purposes only and does not take into account the individual circumstances of the customer

How do I open and manage my account?

  • The account can be opened in branch or by post.
  • This is a passbook based account and can be operated in branch or by post at members own expense.
  • Available to children under the age of 18 and a UK resident.
  • Can only be opened by an adult with parental responsibility if the child is under 16.
  • The account may be opened by the child if they are aged 16-17.
  • This is not a flexible ISA product.
  • Minimum deposit £1.
  • Maximum deposit as per JISA yearly allowance.

Can I withdraw money?

  • No withdrawals allowed until the child’s 18th birthday. Upon reaching 18 only the child (and no one else) can withdraw the money.
  • ISA transfers are permitted please see Junior ISA terms and conditions for more information.
  • Withdrawals will not be allowed without the passbook

Additional information

  • Only one account of this type per person.
  • We pay all savings interest gross, which means no tax is deducted. It’s your responsibility to pay any tax due, based on your individual circumstances. Tax rules may change in future.
  • In accordance with ISA regulations, investments in any tax year are limited to the amount permitted by HM Revenue and Customs regardless of the level of withdrawals made.
  • Tax free - the contractual rate of interest payable where interest is exempt from income tax. Any reference to tax is based on our understanding of current tax regulations which may change in the future and depends on your individual financial circumstances.

Other general savings information