Danske Junior Cash ISA

Save for your child's future with a tax-free account

Good to know

  • Earn interest of 3.80% AER.
  • Interest is paid tax-free.
  • The subscription allowance for the 2024/2025 tax year is £9,000.
  • Anyone can make subscriptions.

Need to know

  • Available to children under 18 who are resident in the UK.
  • You also need to be resident in Northern Ireland to open a Junior Cash ISA with us - unless you already are a Danske Bank customer.
  • You need to make a minimum subscription of £25 to open the account.
  • No money can be taken out of the account until the child becomes 18.
  • The account is opened in the child’s name and managed by a parent or legal guardian. If the child is 16 or 17 they can open and manage the account themselves.
  • Tax rules and tax levels may change in the future including the favourable treatment of ISAs.

Want to open an account?

You can open a Danske Junior Cash ISA (JISA) account in any Danske Bank branch. 

If you are a parent opening an account for your child, you can ask for an appointment to apply by phone.

If you are opening a Danske Junior Cash ISA with funds from an existing Junior ISA or Child Trust Fund held somewhere else, you can’t apply by phone and – you need to open the account in branch.

To arrange a branch or phone appointment call us on 0800 660 033

Interest rates

Rate correct as at 1 September 2023

Balance Tax-free / AER (variable)
All balances 3.80%

Interest is calculated daily and paid into your account at the end of December each year.

Tax-free means that interest is paid free from income tax. This position may change in the future.

AER stands for 'Annual Equivalent Rate' and illustrates what the interest rate would be if interest was paid and compounded (paid on the total balance including previous interest) once each year.

The rate of interest is variable and subject to change in the future. Where the balance in your Danske Junior Cash ISA is £100 or more, we will give you 14 calendar days' notice of any reduction in credit interest rate.

Additional Information

The account is not suitable for day to day banking.

You’ll be sent a statement at least every six months. With eBanking, you can ask us to receive your statements electronically, instead of paper copies.

Danske eBanking may be temporarily unavailable when we carry out routine maintenance.

General information about junior ISAs

More about the Danske Junior Cash ISA

Transferring your junior ISA

Want to open an account?

To arrange a branch or phone appointment call us on 0800 660 033.

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