Search by category

Can under 16's take out a cash ISA?

by freeseered, 10 months ago•Open Question

Savings Accounts•Money

report post•add thanks•add to watchlist

Answers (2)

Hi,

Sadly not, 16 is the minimum age for cash ISAs as they require an NI number, and it's 18 for investments due to contract and credit laws considering under 18s to be minors and unable to enter financial contracts.

However, under 16s may be eligible for a child ISA.

by G-Man, 10 months ago

report post•1 thanks•add comment

Hi freeseered, welcome, click here for a selection of Junior Isas
http://www.money.co.uk/savings-accounts/junior-isas.htm

by Priceless, 10 months ago

report post•1 thanks•add comment

Posts within the money.co.uk community represent the views, experiences and opinions of members and experts only. They should not be taken as financial advice and should not be followed without further research.

Get our free money saving newsletter

Join over 480,000 other subscribers who grab our expert money tips, unmissable money guides & hottest bargains each week in our special email...