Junior ISA

Wrap up your tax free savings

Junior ISA  – 2024/25

This account is suitable for someone under the age of 18 who is looking to receive tax-free variable interest with no access to funds until age 18.

– Interest paid annually on 31 March
– Save between £1 – £9,000 per tax year
– Branch opening only

Product Terms & Conditions – Summary Box

Minimum balanceGross*/AER**%

Interest is calculated daily and may be visible on your account from the 24th of the month. This won’t be available to you until the due date of the last working day of the applicable month.

*Interest is paid exempt from UK tax.

**AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once each year.

The interest rate is variable which means we can increase or decrease the rate at any time.

For more details about why we may change the rate, and how and when we will let you know about a change, please refer to the Interest section of the General Savings Account Terms and Conditions.


This projection is for illustrative purposes only.

If £1,000 was deposited on 1 April, the account balance would be £1,037.00 on 31 March the following year. This assumes no further deposits or withdrawals are made, no changes are made to the interest rate and interest earned is added to the account.

You can open this account in branch and manage it by post, phone or in branch.

The minimum balance is £1 and the maximum balance is £9,000 per tax year. 

Once the maximum limit for the particular tax year is reached no more deposits are allowed regardless of any withdrawals.

You can pay into your account by electronic payment, or by cash or cheque.

ISA subscriptions can be split in any proportion between Junior Cash and Junior Stocks and Shares ISAs as you choose. However, you can only pay into one Cash Junior ISA and one Stocks and Shares Junior ISA each tax year.

For under 16s the account must be opened by someone with parental responsibility for such a person on their behalf as a Registered Contact.

Transfers in from other Junior ISAs, whether with the Society or another provider are permitted. You can transfer to another provider at any point. We will forward the funds to the new Junior ISA provider within 5 business days of receiving your instruction from them.

The whole of a Child Trust Fund can be transferred into the Market Harborough Building Society Junior ISA. Partial transfers of Child Trust Fund investments cannot be made.

This account can be cancelled within 30 days of opening. The Society will help to switch the account or refund the funds together with interest (paid at the Easy Access ISA rate).

Withdrawals are not permitted until the account holder (not the Registered Contact) turns 18. At this point the account will be transferred to an Easy Access ISA and up to date identification will be required to access the funds.

Any funds paid into the account will be a gift to the account holder and as such cannot be repaid at a later date if the subscriber changes their mind.

ISAs can only be held in the name of one individual.

The Society will notify you, if by reason of any failure to satisfy the provision of the ISA regulations, your ISA has, or will, become void. We will make sure that any person to whom we delegate any of our functions or responsibilities under the terms agreed with you, is competent to carry out those functions and responsibilities.

You must be a permanent UK resident at the time of opening the account.

Please note that the account holder (not the Registered Contact) is the beneficial owner of the investment.

For full terms and conditions for savings accounts, please see separate leaflet.

In the event of any apparent conflict between these Terms and Conditions  and the General Savings Account Terms and Conditions, these Product Terms and Conditions take precedence.

This product may be withdrawn from sale at any time without notice.

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations.