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How is interest calculated on a Junior Cash ISA?The account will earn interest at our standard Junior Cash ISA interest rate (which is variable) plus any fixed bonus interest rate available at the time of applying for the account.
The Key Features Document enclosed with the Welcome Pack confirms the annual interest rate which applies to the Account and when this rate will end.
Interest is calculated daily and paid annually, on the anniversary of the account opening. The interest paid is tax free. Please note that if money is paid in by cheque, this will not start earning interest until 2 working days after we receive it.
The Registered Contact can also find out how much interest the account is earning by calling us on 0345 678 5678* or by checking our interest rates by logging in to Online Banking.
*This number may be included as part of any inclusive call minutes provided by your phone operator.Was this article useful?
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