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Lloyds TSB takes Cash Junior ISA bow

Lloyds TSB takes Cash Junior ISA bow

Category: Savings

Updated: 13/02/2012
First Published: 13/02/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Lloyds TSB has made a grand Junior ISA entrance with an account sure to appeal to young savers everywhere.

Paying a market-leading rate of 3.00% yearly, the new Cash Junior ISA requires a minimum investment of just £1.

It must be operated in branch, but accepts transfers in of both cash and stock & shares Junior ISAs.

Additional investments are also welcomed, while transfers out can be made without penalty.

With group stable-mate Bank of Scotland launching a similar product, the two have become the first high street banks to launch a Junior Cash ISA.

Four out of five Moneyfacts stars are well deserved.

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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.