The Best Investment You’ll Ever Make

The Junior ISA (Individual Saving Account) was introduced on November 1st, 2011 as a replacement savings option to the Child Trust Fund. The Junior ISA is a tax-free savings account created to help parents invest in their child’s or grandchild’s future, and can be opened by a financial advisor or through an online source. Here are five societies that are considered to be the best investment platforms:

Nationwide Building Society Cash Junior ISA

This Junior ISA from Nationwide pays a 3% interest rate, until the close of October 2013. The account can be opened with a minimum £1 deposit.

The Investment Management Association gives parents greater flexibility when investing in a Junior ISA. Parents can expect to get back 43% more from a Junior ISA over 18 years, if they invest in stocks and shares rather than cash. 

Buckinghamshire Building Society Cash Junior ISA

This society provides a Junior ISA that also pay 3%. The minimum that must be deposited is £10. The Buckinghamshire Building Society Cash Junior ISA has a variable interest rate and can be modified at any time. 

Skipton Building Society Cash Junior ISA

This institution also pays a 3% interest rate, with a minimum of a £1, and can be opened directly from the branch.