Junior Cash ISA


The Financial Conduct Authority is a financial services regulator. It requires us, Stafford Railway Building Society, to give you this important information to help you to decide whether this product is right for you.

The information provided is a summary of the key features of the Junior Cash ISA and is not intended to be a substitute for reading the terms and conditions that apply to the account.

Account Name Junior Cash ISA
What is the interest rate? 2.75% gross & AER effective from 01/10/2018
Interest is calculated daily and credited to the account annually on 31st October
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? £1,027.50
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
  • Limits apply to cash deposits (see savings terms and conditions)
  • Minimum deposit £1
  • Maximum deposit £4,368 as per 2019/2020 JISA 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 savings 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

Call us on: 01785 223212*