We have strengthened our comprehensive range of accounts available to young savers by increasing the Cash Junior ISA interest rate from 2.60% including an introductory premium of 0.60% for the first 12 months to 3.05% from 9 July 2012.
When Junior ISAs were introduced by the Government on 1 November 2011, we were one of the first building societies to react by introducing a Cash Junior ISA paying a tax free interest rate of 2.60% including an introductory premium of 0.60% payable for the first 12 months. Following a review of the terms and conditions we have decided to increase the rate and remove the introductory premium altogether. We have done this to provide young savers with an improved return in this low interest rate environment. Young savers represent our future and we want to encourage as many as possible to get the savings habit early in life - what better way than by increasing the interest rate!
In addition to the Cash Junior ISA, we have a range of accounts designed especially for young savers including regular savings and easy access options. What’s more, all our young savers accounts come with a free piggy bank!
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