Danske Junior Cash ISA

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

Good to know

  • Earn 0.50% AER/tax-free
  • The junior ISA subscription allowance for the 2021/2022 tax year is £9,000
  • Anyone can make subscriptions
  • Interest is paid tax-free

Need to know

  • Available to children under 18 and resident in the UK
  • No withdrawals are permitted until the child reaches age 18
  • A minimum subscription of £25 is required to open the account
  • The account is held in the child’s name but opened and managed by someone with parental responsibility, or the child themselves once they reach age 16 or 17
  • Tax rules and tax levels may change in the future including the favourable treatment of ISA

Want to open an account?

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

Alternatively, parents opening the account for their child can ask for an appointment to apply by telephone.

If you are opening a Danske Junior ISA to transfer an existing Junior ISA or Child Trust Fund held elsewhere, you can only open a Danske Junior Cash ISA in branch.

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

Interest rates

Rate correct as at 1 June 2021

Balance Tax-free / AER (variable)
All balances 0.50%

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 will be sent a statement at least every six months. With eBanking, you can ask us to make your statements available electronically rather than as paper copies.

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 telephone appointment call us on 0800 660 033