Yes, the Moneybox Junior ISA is protected by the FSCS; however, the protection limit differs from our cash savings product.
For our Junior ISA, any uninvested money held in ‘Available Cash’ is treated as cash and is covered by the FSCS deposit protection limit of £120,000 per person per authorised institution. However, investments are protected up to £85,000 per person per UK-authorised firm in the event that the firm collapses.
Please note that FSCS protection does not cover losses if the value of your investments goes down.
For more info, please visit the FSCS website. You can also find more information on how the FSCS protection applies to our other products here.