Children's Bonds

Children’s Bonds are no longer on sale. Find out how to manage your current Bonds if they’re coming up for maturity, or if you need to cash in early.

Managing your maturing Bonds

We’ll write to you around a month before your Bonds mature explaining the options available to you. Your options will be different depending on how old the child is or if you now own your Bonds as an adult.

You’ll be able to manage your maturity options in the letter we send you, or you can log in to your online account and manage your options at any time.

• Manage maturing Bonds for under 16s

  You’ll need to decide if you want to:

  • move the funds into an NS&I Junior ISA (the child will need to be under 18 and not have an existing Junior ISA or Child Trust Fund with another provider)
  • move the funds to another NS&I account (you’ll have the choice of Premium Bonds or Investment Account)
  • cash it in

  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 investment term. And don’t forget to tell us if you change your address or contact details.

  Call us

• Manage maturing Bonds for 16-17 year olds

  Once you turn 16, you’ll be responsible for managing your Children’s Bonds.

  You’ll need to decide if you want to:

  • move the funds into an NS&I Junior ISA (you’ll need to be under 18 and not have an existing Junior ISA or Child Trust Fund with another provider)
  • move the funds to another NS&I account
  • cash it in

  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 investment term. And don’t forget to tell us if you change your address or contact details.

  Call us

• Manage maturing Bonds for over 18s

  Once you turn 16, you’ll be responsible for managing your Children’s Bonds. You’ll have slightly different options if you’re over 18 when the Bond matures.

  You’ll need to decide if you want to:

  • move the funds to another NS&I account
  • cash it in

  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 investment term. And don’t forget to tell us if you change your address or contact details.

  Call us

• Customers living outside the UK

  If the person responsible for the Bonds lives outside the UK, the options available at maturity will be slightly different.

  You’ll need to decide if you want to:

  • move the funds into an NS&I Junior ISA (you’ll need to be under 18 and not have an existing Junior ISA or Child Trust Fund with another provider)
  • move the funds to another NS&I account
  • cash it in

  Please read our advice on saving with NS&I while living outside of the UK before you decide. Some options may not be available to you due to local restrictions.

   

  Saving with us when living outside the UK

Cashing in early

Children’s Bonds are designed to be held for the whole of your chosen investment term. You can cash in at the end of a term with no penalty or loss of interest.

If you cash in early we will deduct a penalty from your payment, equivalent to 90 days’ interest on the amount cashed in.

When you cash in part of the Bonds, at least £25 must remain in the Bonds to keep it open.

How to cash in

If you’re registered to manage your savings online, you can log in at any time to cash in your Bonds.

Not registered?

If you're not registered and your child is under 16 you can also cash in Children's Bonds online without having to create an account.

If you're not registered and you or your child is over 16 or you prefer the post can fill out the cashing in form below:

Download a cashing in form