Junior ISA (Cash)
Junior ISA (Cash)
Interest is added to the account annually on 5 April.
Can the Society change the interest rate?
The interest rate is variable, which means we reserve the right to change them to reflect market conditions, to comply with legal or regulatory guidelines and the protect the long-term future of the Society.
We will give you 14 days’ notice before any change that would disadvantage you, providing you have a minimum balance of £100 at the time of writing. For full details please read our General Investment Terms and Conditions of any changes to your disadvantage.
What would the estimated balance be after 12 months based on a £1,000 deposit?
Based on the fixed rate of interest, if you deposited £1,000 into this account, after 12 months you would have £1010.00.
(This figure is only an estimate, based on there being no additional deposits or withdrawals in that time with all interest being added to your account. This figure is for illustrative purposes only and does not take into account your individual circumstances.)
How do I open and manage my account?
To open this account:
To open an account, you must complete the appropriate application form. You can visit any of our branches with your opening investment of cash or cheque or apply by post by sending the application form with an opening cheque. You will be asked to provide proof of identity. This is to reduce the risk of fraud and is in line with anti-money laundering legislation. Acceptable forms of identification are detailed in our ‘Verifying your name and address’ leaflet. Alternatively, our staff will give you full details.
If you change your mind:
How do I manage my account:
Can I withdraw money?
No, withdrawals are not allowed until the child’s 18th birthday.
Can I transfer out my JISA to another JISA manager:
What happened when the child reaches 18
This represents the Terms and Conditions for Junior ISA and should be read in conjunction with the Cash ISA Key Features Document, General Investment Terms & Conditions and our Customer Information booklet.
AER (Annual Equivalent Rate)**
We are committed to ensuring all complaints are fully and fairly addressed. If you have a complaint please let us know by visiting any branch or agency, or call 0330 123 0723 and we will do our very best to resolve the problem. A leaflet is available detailing our complaint procedure. You can request a copy of this at any time.
Changes to these terms
Financial Services Compensation Scheme
Retail Banking Conduct of Business
Open your savings
If you’re ready to open your savings account by post you’ll need to do the following:
- Download, read and accept the terms and conditions
- Be an existing member or a new applicant resident in our local postcode areas IP, NR, CO, CM, CB and PE
- Read and retain the Financial Services Compensation Scheme (FSCS) information sheet
- Print and fully complete the application form
We will require proof of your identity to open a new account if you are a new customer. For existing members we may request identification, for example if your records with us are incomplete.
Completed application forms should be posted to Suffolk Building Society, Freehold House, 6-8 The Havens, Ransomes Europark, Ipswich, Suffolk IP3 9SJ.
Junior ISA – Terms and ConditionsDownload
Proof of your identityDownload
Customer Savings Information FAQsDownload
General investment terms & conditionsDownload
Standing order formDownload
INVL10 Junior ISA KeyfactsDownload
FSCS Information SheetDownload
Savings tariff of chargesDownload
Guidance for people wanting to manage a bank account for someone elseDownload
INV155 Request to Transfer a Junior ISADownload
INV150 Junior ISA Application FormDownload