LONDON--(BUSINESS WIRE)--Junior Isas are the newest type of tax-free savings account to complement cash and stocks and shares Isas for adults. Parents and family will be looking for more information on how they work, whether they should open one and the savings rates available for their children's Christmas gifts of cash.
Answers can be found on the savings.co.uk junior isas web page. The site provides savers with a range of helpful articles written by the We Know Money team as well as hints and tips on how to make the best use of "Jisas". Savings.co.uk also provides information on adult Isa accounts on the market, so that people can maximise the returns on their tax-free savings at a time when interest rates are low.
Alidad Moghaddam, Head of We Know Money said: "Junior Isas are likely to garner significant interest as they not only provide a tax efficient method to save for children, but also create an incentive to save for the long-term at a time when many UK households are crippled by debt. As such, many people will be looking for information on Junior Isas they can trust. On savings.co.uk, we provide independent, unbiased information on this topic written by an experienced team of personal finance journalists to help consumers make the right decision."
Liz Phillips, Editor of We Know Money said: "Junior Isas are the latest saving initiative from the government following the closure of Child Trust Funds. At the moment, not many of the high street banks have got on board to offer cash versions. It is mainly investment companies pushing stocks and shares versions. We will continue to keep a close eye on what's available to keep readers up to date with the latest news and changes."
Junior Isas Youtube video link - http://youtu.be/ufn1w7gCd7Q
Savings.co.uk is part of a family of personal finance websites under the We Know Money brand. The team have also re-launched creditcards.co.uk, lifeinsurance.co.uk, homeinsurance.co.uk and healthinsurance.co.uk.
Five other consumer money websites will soon be re-launched under the We Know Money brand. They are mortgages.co.uk, carfinance.co.uk, investments.co.uk, pensions.co.uk, and financialservices.co.uk.
About We Know Money
We Know Money is the brand name of Financial Services Net which was bought by Moneysupermarket.com in the Autumn of 2010.
We Know Money is a portfolio of websites focused on a wide range of personal finance subjects. Our main websites cover mortgages, savings, credit cards, life insurance, home insurance, health insurance, investments, pensions, financial services and car finance.
At We Know Money we realise that in today's world consumers are faced with a bewildering range of products. Our websites are designed to provide people with comprehensive information, guides and tools to arm them with the knowledge to choose the correct products.