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whilst they go exploring the world looking for adventures and experiences.
There are a few providers offering their own junior cash isa but it seems that the majority of accounts being offered are the stocks and shares versions.
The main difference is that Junior Cash ISAs are really very much like normal savings accounts for children, the only difference being is that any money held within the account is locked away inside the junior cash isa until the child reaches 18..
 Junior Stocks and Shares ISAs are an investment based product and you do not invest in cash but rather a range of investments such as mutual funds, stocks and shares, tracker funds, government bonds etc.
Over the long term, stocks and shares usually outperform cash which is why many providers offer a stocks and shares account rather than a junior cash isa as the junior isas are regarded as a medium to long term investment.
The Junior ISA was introduced by the government to replace the CTF and currently you are not permitted to transfer child trust fund to junior isa.
To compare a wide range of Junior ISAs including providers please just click the button below.
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