An advert for Junior Wizard Savings Accounts from the Daily Prophet
- "The value of investments may go down as well as up and the child may not get back the full amount of any additional contributions."
- — Daily Prophet ad about Junior Wizard Savings Accounts[src]
Junior Wizard Savings Accounts were accounts run by Gringotts Wizarding Bank that pay interest but cannot be used directly. These accounts let underage wizards set aside a portion of their liquid assets while earning a monetary return. They could be set up from just one Sickle. Savings were free of the Hexing Tax of up to three-thousand Galleons each tax year.[1]
There were ads for these Junior Wizards Savings Accounts on the Daily Prophet in the mid-1990s, with text in small print warning about the risk of losing money as the investments lost value.[1]
Appearances
- Harry Potter and the Order of the Phoenix (film) (Mentioned only)
- Harry Potter and the Order of the Phoenix (video game) (Mentioned only)
- Harry Potter Limited Edition (Mentioned only)