Newcastle Big Little Junior ISA
Junior ISAs were introduced late 2011 and are available to any child who was not eligible for a Child Trust Fund. You can use them to build a nest-egg for your children which will be given to them once they turn 18.
You may already be saving for your children's future, but if the amount a parent invests means that the child receives more than £100 interest a year, then this interest begins to attract income tax. With a Junior Cash ISA, all the interest earned is tax-free - meaning more for the little one when they're a not-so-little one!
The interest rate on this account will increase by 0.25% on 1st of December 2017.