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Progressive Building Society
 
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01 November 2011

Progressive Launches new Junior Isa savings account.

A new children’s savings account was launched on 1 November 2011 – the Cash Junior ISA.

The Junior ISA is a new tax efficient savings account designed for adults to save on behalf of children.  Once parents open a Junior ISA for their child, family and friends are able to make subscriptions up to the annual limit (currently £3,600).  A Cash Junior ISA can be opened with as little as £1.

The current gross rate payable on this account is 2.50% (tax free).

Please go to our Cash Junior ISA section under savings for full terms and conditions and details of how to open a new account.

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