27 October 2011

Staffordshire based mutual Hanley Economic Building Society will launch its new Junior ISA (JISA) savings account on 1 November 2011.  Junior ISA’s are the Governments replacement for the Child Trust Fund (CTF).  The account will pay 2.5% tax free and is available to all newborn children, those who don’t hold a CTF or babies that were born on or after 3 January 2011.

Commenting on the new product was, David Lownds, Head of Risk at The Hanley

“As a local, trusted, mutual Society we believe it’s important to encourage parents and family members to start saving for their children as soon as possible.  We have great expectations with our JISA given our track record in its predecessor the Child Trust Fund.  During the past 5 years we have helped to provide a financial start in life to over 3,500 children in North Staffordshire.”

The Hanley has a great reputation for long term savings for the younger generation.  For the past 5 years it has topped the Child Trust Fund Best Buy tables winning a number of accolades for its trusted, transparent deposit based account.

The Hanley’s JISA will be available throughout its branch network in North Staffordshire from 1 November 2011. For more information call 0800 542 8790 or click to visit The Hanley Junior ISA