The best ISAs for under 18s whether you want to invest or save cash
Junior ISAs (JISAs) are tax-free savings or investment accounts for children under 18. A parent or guardian can set them up if they’re under 16, or the child can set it up on their own if they’re 16 or 17, although they won’t be able to invest until they’re 18.
You can invest or save up to £9,000 per year in a Junior ISA, and anything you earn on it is tax-free.
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Here at Be Clever With Your Cash, we’re not regulated to give you financial advice. We aim to give you the facts about a provider or investment but it’s up to you to decide if it’s suitable for you. If you’re looking for more personalised guidance, find a financial adviser who can give you specific advice. Remember that your capital is at risk when investing — don’t invest more than you are prepared to lose.
Best Junior Stocks & Shares ISAs
These Junior ISAs are for investing towards your child’s future. You can choose to either invest in a ready-made option, which is a portfolio that is created and managed by experts, or you can opt for DIY investing, which is where you create and manage the portfolio yourself. Some providers offer both options.
Our top picks
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Additional Info
FSCS Protected: Yes
Transfer in existing ISA?: Yes
Fund fees: If you invest in ready-made portfolios or funds, you'll still need to pay fund fees depending on which portfolio you choose.
Interest on uninvested cash: 0.0253
Ready-made portfolios available: 4 risk-based portfolios
▲ Vanguard Platform fees
0.15% (max £375 per year)
Investment styles
DIY or ready-made
Minimum deposit
£100 per month or £500
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Additional Info
FSCS Protected: Yes
Transfer in existing ISA?: Yes
Interest on uninvested cash: 0.0235
Foreign exchange fee: N/A
Fund fees: When you invest in funds you'll also have to pay fund fees between 0.06% and 0.79%
▲ AJ Bell Investment styles
DIY or ready-made
Minimum deposit
£25 per month or £500
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Additional Info
FSCS Protected: Yes
Transfer in existing ISA?: Yes
Interest on uninvested cash: 2.07% up to £10,000
Trading fee: Shares - £5, Funds - £1.50
Foreign exchange fee: 0.75%
Fund fees: If you invest in funds, you'll have to pay fund fees between 0.04% and 1.16%
▲ Other options
Beanstalk Investment styles
Ready-made portfolios
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Additional Info
FSCS Protected: Yes
Transfer in existing ISA?: Yes
Fund fees: You'll have to pay additional fund fees of up to 0.15%
Interest on uninvested cash: No
Ready-made portfolios available: 2 tracker funds to choose between: an L&G cash fund and a Fidelity global shares fund
▲ More details ▼
Additional Info
FSCS Protected: Yes
Transfer in existing ISA?: Yes
Interest on uninvested cash: No
Portfolios available: 10 portfolios based on risk and ethical options
Further details: Invite family members and friends to be contributors. Wealthify is authorised and regulated by the Financial Conduct Authority. Over 18s, UK residents and UK taxpayers only. Up to £85,000 of eligible deposits is protected by the UK Financial Services Compensation Scheme (FSCS).
▲ Moneyfarm Investment styles
DIY or ready-made
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Additional Info
FSCS Protected: Yes
Transfer in existing ISA?: Yes
Interest on uninvested cash: No
Portfolios available: A range of ethical managed portfolios, a low-risk portfolio and 4 thematic growth themes
▲ 1% cashback on transfers
Nutmeg Investment styles
Ready-made
1% cashback on ISA transfers of up to £500,000.
More details ▼
Additional Info
FSCS Protected: Yes
Transfer in existing ISA?: Yes
Interest on uninvested cash: No
Portfolios available: 30 portfolios, including fully managed, fixed allocation and ethical
Offer details: You need to transfer £10,000 or more of existing investments to get 1% cashback on the first £500,000 in your account.
▲ NuWealth Platform fees
£2 per month + 0.25%
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Additional Info
FSCS Protected: Yes
Transfer in existing ISA?: Yes
Interest on uninvested cash: No
Foreign exchange fee: 0.0075
Fund fees: If you invest in funds, you'll have to pay fund fees between 0.07% and 0.75%
▲ Interactive Investor Platform fees
£11.99 per month (Investor Plan)
Investment styles
DIY or ready-made
Minimum deposit
£25 per month
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Additional Info
FSCS Protected: Yes
Transfer in existing ISA?: Yes
Interest on uninvested cash: 0.0151
Trading fee: 3.99
Foreign exchange fee: 0.015
Fund fees: If you invest in funds, you'll have to pay fund fees between 0.03% and 1.5%
Note on fees: You need to have the Investor plan to open a Junior ISA, but this covers as many Junior ISAs as you need, so you can have as many open as you have children.
▲ Scottish Friendly Investment styles
Ready-made
Minimum deposit
£20 per month or £100 lump sum
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Additional Info
FSCS Protected: Yes
Transfer in existing ISA?: Yes
Portfolios available: 9 risk based portfolios
Flexible ISA: No
▲ Shepherds Friendly Investment styles
Ready-made
Minimum deposit
£10 per month or £100 lump sum
More details ▼
Additional Info
FSCS Protected: Yes
Transfer in existing ISA?: Yes
Interest on uninvested cash: No
Portfolios available: One risk-based portfolio
▲ Best Junior Cash ISAs
These Junior ISAs are for saving cash. They’ll earn a set rate of interest that’s fixed or variable. These are the best-paying Cash JISAs right now.
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Additional Info
FSCS Protected?: Yes
Allows transfers in: Yes
▲ More details ▼
Additional Info
FSCS Protected?: Yes
Allows transfers in: Yes
▲ More details ▼
Additional Info
FSCS Protected?: Yes
Allows transfers in: Yes
▲ More details ▼
Additional Info
FSCS Protected?: Yes
Allows transfers in: Yes
▲ More details ▼
Additional Info
FSCS Protected?: Yes
Allows transfers in: Yes
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