Junior Cash ISA

With £500 or more to deposit, you can earn tax free interest by placing your funds in a Junior Cash ISA.

Further deposits may be added to the account up to the Junior Cash ISA allowance. The annual limit for the 2019/2020 tax year with effect from 6th April 2019 is £4,368. Up to £4,368 of the allowance can be saved in a Junior ISA.

Withdrawals are not permitted on an account after the initial deposit until the child reaches 18. However, the account can be transferred to another Junior Cash ISA manager subject to 90 days notice of the transfer.

Transfers of existing Junior Cash ISA’s are accepted to our current variable rate offering, though these should be sent directly to us by inter bank transfer so as to ensure your tax free status is not affected. You should check with your existing provider to see if there are any charges or notice periods should you decide to transfer to us.


Gross Rate* – interest paid annually and compounded.

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Protecting your money

Your eligible deposits with Hodge Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme.

Junior Cash ISA Summary

Account Name
Junior Cash ISA.
What is the interest rate?
2.00% Gross Rate* - interest paid annually and compounded§.
Can Hodge Bank change the interest rate?
Yes subject to us giving you at least 90 days notice.
Based on £1,000 initial deposit, what would the estimated balance after 12 months.
Assumes interest is compounded.
How do I open and manage my account?
You can open your account by post. You can manage your account by post and telephone. The minimum deposit for a Junior Cash ISA is £500.
Can I withdraw money?
No withdrawals until the child's 18th birthday. Transfers are subject to 90 days notice.
Additional information
At the age of 16 you can hold a Junior Cash ISA and a Fixed Rate Cash ISA but will only be able to subscribe to the Fixed Rate Cash ISA.

How to apply

You can choose to receive your interest monthly or annually on your new account. Select from the options below.

Interest paid
Gross* 2.00%
AER† 2.00%

Applying offline

You can apply for this account by post by downloading the application form below

By Post

Hodge Bank, One Central Square, Cardiff, CF10 1FS.

Apply for a new account in under 10 minutes…

If you're looking to open a new fixed rate savings account, you can apply online in under 10 minutes Alternatively you can download an application form or call us on +44 2921 28 3239.

Current Junior ISA Subscription Limits

With effect from 6th April 2018, the ISA subscription limit increased to £4,260 for anyone eligible to invest in a Junior ISA.

The full £4,260 of the new ISA allowance can be saved in a cash ISA or a stocks and shares ISA with one provider.

It can also be split between a cash ISA and a stocks and shares ISA with either the same or another provider.

Please note Hodge Bank does not provide a stocks and shares ISA.


AER stands for Annual Equivalent Rate. It shows the rate of interest a saver will receive over a year, on the assumption that the cash is left in the account for the full year without any withdrawals.
Compound interest is interest paid on the initial principle as well as the accumulated interest on money you have invested. You earn interest on the money you deposit, and on the interest you have already earned

Glossary of Terms

Is the contractual rate of interest payable before the deducation of income tax at the rate specified by law. The payment can be made annually or monthly.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

§Compounded interest and interest paid away
Compounded interest is interest that rolls up annually and is paid on maturity of the account. Interest paid away means the interest isn’t compounded over the term of the account. It is placed into a designated current account every month

Not the product for you?

Why not browse our range of other accounts to see which may suit you best

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Protecting your money

Your eligible deposits with Hodge Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme.

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Why Hodge

Doing the right thing is what we aim to do in all areas of our business – it guides our decisions.

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Our service to you

We do the right thing for our customers and are committed to providing good service. Banking with us is stress-free and straightforward.