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Junior isas

(7 Posts)

Ahh thank you ladies I see. It does make sense really from that point of view smile

Triumphoveradversity Fri 03-May-13 21:16:40

I think it's to stop parents using dc accounts to store spare cash and the interest rates are much better than average.

stargirl1701 Fri 03-May-13 20:39:01

No, you can transfer it to another Junior ISA but it cannot be withdrawn from any bank until she is 18.

Surely there must be a get out clause somehow?
Can't believe I was so dim.

So theoretically could I transfer it to another bank then withdraw for her?

Triumphoveradversity Fri 03-May-13 20:12:35

It is true, cannot be touched till they are 18.

stargirl1701 Fri 03-May-13 20:10:38

You can transfer it but cannot withdraw the money.

Hi all,

Dd has a junior isa with nationwide. I've heard once money has been put in it cannot be withdrawn until she is 18.
Is this true? As I want to withdraw it and move it elsewhere as rushed into opening her that. blush

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