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Children's Bonds

Do you have a Bond that matures soon?

Here’s what you need to do next

Children’s Bonds are no longer on general sale and from 26 April 2018 you will no longer be able to renew maturing Bonds:

What you need to decide

We’ll write to you around 30 days before your Bond matures to explain your options in detail. You don’t need to do anything until you receive your pack.

New important information for existing customers

For customers overseas

If your child lives overseas, you can move to another NS&I account or cash in the Bond.

See your options

But if you choose to transfer to a Junior ISA you need to be a UK Crown servant or dependant on one to be eligible for our Junior ISA.

The information on this page is only relevant if you have a Bond maturing soon.

Not heard from us?

Call us if you have any questions or you haven’t heard from us 30 days before the end of your 5-year term. And don’t forget to tell us if you change your address or contact details.

Call us

Maturing Bonds

Maturing Bonds

Childrens' Bonds are no longer available since 26 April 2018 .

What you need to decide

We’ll write to you around 30 days before your Bond matures to explain your options in detail. You don’t need to do anything until you receive your pack.

For customers overseas

If your child lives overseas, you can move to another NS&I account or cash in the Bond.

But if you choose to transfer to a Junior ISA you need to be a UK Crown servant or dependant on one to be eligible for our Junior ISA.

  • Under 16s

    Option 1 - move to an NS&I Junior ISA only for children who are eligible

    Our Junior ISA is an easy way to build up long-term savings for a child until they reach the age of 18. The interest earned is all tax-free. Please note, if your child already holds a cash Junior ISA or a Child Trust Fund, you won't be able to open our Junior ISA straight away.

    Junior ISA

    Option 2 - move to another NS&I account

    We offer two other accounts that can be held by children under 16 - Premium Bonds and Investment Account.

    Move to another account

    Option 3 - cash in the Bond

    You can cash in the Bond at maturity with no penalty.

    You can also choose two or more of these options if you prefer.

    If you’re registered you can do this online or we’ll pay the money directly into your nominated bank account after your Bond matures.

    If you're not registered you'll need to fill out the cashing in form from your pack. Or see the link below:

    Cash in form

  • 16 to 17 years

    Option 1: transfer to a NS&I Junior ISA

    Our Junior ISA is an easy way to build up long-term savings for a child until they reach the age of 18. The interest earned is all tax-free. Please note, if your child already holds a cash Junior ISA or a Child Trust Fund, you won't be able to open our Junior ISA straight away.

    If you would like to transfer to a Junior ISA account, please read the summary box and brochure with the terms and conditions.

    Junior ISA print friendly brochure

    Junior ISA summary box

    And fill out both the transfer authority and cashing in form from your pack.

    Transfer authority form

    Cash in form

    Option 2 - reinvest into another NS&I account or investment

    Now that your Children’s Bond is about to mature, you may want to consider another NS&I account as a safe home for your money. You’ll find full details and terms and conditions of the account(s) you’re interested in.

    Our products

    Option 3 - cash in the Bond

    You can cash in the Bond at maturity with no penalty.

    You can also choose two or more of these options if you prefer.

    If you’re registered you can do this online or we’ll pay the money directly into your nominated bank account after your Bond matures.

    If you're not registered you'll need to fill out the cashing in form from your pack. Or see the link below:

    Cash in form

  • 18 years and over

    As you will be aged 16 or over when your Bond matures, you are now responsible for it. Your Bond will earn no further interest after the maturity date, so you’ll need to decide what to do with the money.

    Your options now are to:

    Option 1: reinvest into another NS&I account or investment

    Now that your Children’s Bond is about to mature, you may want to consider another NS&I account as a safe home for your money. You’ll find full details and terms and conditions of the account(s) you’re interested in.

    Our products

    Option 2: cash in the Bond

    You can cash in the Bond at maturity with no penalty. If we already have a record of your nominated bank account, we’ll automatically pay the full value of your Bond into that account, unless you choose option 1.

    If you’re registered you can do this online or we’ll pay the money directly into your nominated bank account after your Bond matures.

    If you're not registered you'll need to fill out the cashing in form from your pack. Or see the link below:

    Cash in form

  • All ages overseas

    Option 1: transfer to a NS&I Junior ISA

    Our Junior ISA is an easy way to build up long-term savings for a child until they reach the age of 18. The interest earned is all tax-free. Please note, if your child already holds a cash Junior ISA or a Child Trust Fund, you won't be able to open our Junior ISA straight away.

    If you are a UK Crown servant or dependant on one and would like to transfer to a Junior ISA account, please read the summary box and brochure with the terms and conditions.

    Junior ISA print friendly brochure

    Junior ISA summary box

    And fill out both the transfer authority and cashing in form below:

    Transfer authority form

    Cash in form

    Option 2 - move to another NS&I account

    We offer two other accounts that can be held by children under 16 - Premium Bonds and Investment Account.

    Switch to another account

    Option 3 - cash in the Bond

    You can cash in the Bond at maturity with no penalty.

    You can also choose two or more of these options if you prefer.

    If you’re registered you can do this online or we’ll pay the money directly into your nominated bank account after your Bond matures.

    If you're not registered you'll need to fill out the cashing in form below:

    Cash in form for under 16s

    Cash in form for 16 and over

Cashing in early

Cashing in early

Children’s Bonds are designed to be held for the whole of the 5-year term. The person who looks after the Bond can cash in at the end of a term with no penalty.

You can also cash in before that, but we will deduct a penalty from the payment equivalent to 90 days’ interest on the amount cashed in.

When you cash in part of a Bond, at least £25 must remain in the Bond to keep it open until maturity.

Bear in mind that if you cash in all of a Bond within 90 days of renewing, you will get back less than the renewal value.