Hodge Bank, One Central Square, Cardiff, CF10 1FS.
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 2020/2021 tax year with effect from 6th April 2020 is £9,000. Up to £9,000 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.
You can choose to receive your interest monthly or annually on your new account. Select from the options below.
You can apply for this account by post by downloading the application form below
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 0800 028 03746.
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
Why not browse our range of other accounts to see which may suit you best
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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