Triodos Ethical Junior Cash ISA
Ethical tax-free savings account for your child
- A savings account that allows your child to build up tax-free savings
- 2.00% tax free (2.01% AER*) variable interest rate
- Start saving with as little as £1 up to a maximum limit of £4,080 this tax year
- Transferring a Junior cash or stocks and shares ISA held with another provider is simple to do
*Rates applicable from 27 February 2012. Interest rate quoted is Annual Equivalent Rate (AER) and illustrates what the interest rate would be if interest was paid and compounded once each year. Tax free is the contractual rate of interest payable where the interest is exempt from Income Tax. The benefit to you of the favourable tax treatment for ISAs could change in the future and depends on your individual circumstances.
|Account name||Triodos Ethical Junior Cash ISA|
|What is the interest rate?||
|Can Triodos Bank change the interest rate?||Yes – the interest rate is variable and can therefore change at any time. Please refer to section 7.3 of our Terms and Conditions for personal banking accounts.
At least 14 days’ notice in writing will be given of any reduction to the interest rate on this account.
|What would the estimated balance be after 12 months based on a £1,000 deposit?||£1,020.10
This estimate is based on £1,000 being deposited at account opening, no further deposits or withdrawals being made and interest being added to the account six monthly. This projection is for illustrative purposes only and does not take into account your personal circumstances.
|How do I open and manage my account?||
|Can I withdraw my money?||
|Additional information||*The tax advantages of ISAs depend on your individual circumstances and the tax treatment of ISAs 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 once each year.
Please ensure you also read the Terms and Conditions for our personal banking accounts.
For further information on ISAs and the ISA subscription allowance see www.gov.uk/individual-savings-accounts/overview for more details.