Are Junior ISAs protected?

Yes. A Junior ISA is protected by the Financial Services Compensation Scheme (FSCS).

Important details about your FSCS protection

A Junior Stocks & Shares ISA has its own FSCS protection of up to £85,000 per eligible child, per authorised investment firm.

This is separate from the parent or guardian's FSCS protection because the money legally belongs to the child.

FSCS may cover eligible losses if an investment firm fails, but it doesn't protect against investments falling in value.

What isn't covered:

FSCS protection covers the loss of funds if Monzo or our custodian/platform providers fail. It does not cover losses caused by poor investment performance or standard market drops.

For more information on how financial protection works, check out the FSCS details on their website.

We use 4 types of cookie. You can choose which cookies you’re happy for us to use. For more detail, and a list of the cookies we use, see the Monzo cookie policy.

Was this article helpful?

We’re not talking about the crunchy, tasty kind. These cookies help us keep our website safe, give you a better experience and show more relevant ads. You can learn more about our cookie policy.

We use 4 types of cookie. You can choose which cookies you’re happy for us to use. For more detail, and a list of the cookies we use, see the Monzo cookie policy.