OneFamily offers simple financial products designed to suit smaller budgets. We're also owned by our members for our members, which means we don’t have shareholders to pay, so we can reinvest our profits for good. We have over 45 years’ experience as a trusted provider of financial solutions, with nearly 2 million customers and over £5.5 billion in funds under management. As a member-owned business, we want to have a positive impact on those around us and this vision sits at the heart of everything we do. Whether that’s offering affordable and accessible products to suit all types of savers, supporting our members with education grants, or giving back to our communities through charity partnerships and volunteering.
The OneFamily Junior ISA is an investment account that can be opened for a child under 16 by someone who has parental responsibility for the child. Anyone can pay money in, and the child will be able to access it when they turn 18 without paying any tax. OneFamily’s Junior ISA is a stocks and shares junior ISA. That means the money that you pay in goes into a fund that’s invested in the stock market. This gives your money good potential to outgrow interest rates, but there is a risk that its value could go down, which would mean your child getting back less than has been paid in.
