Childrens Accounts

The Newcastle's Savings General Terms & Conditions will apply unless they are inconsistent with these Special Conditions, effective from the date of the account opening.

1. The Account is a variable rate account.
2. This Account is can only be opened by individuals who are 16 years or under. If the account is for a child under the age of 7 the account is required to be in the name of an adult with the child as a beneficiary
3. The Account can be operated in branch or by post.
4. The minimum initial investment in the Account is £1 the maximum is £250.
5. The Account can be held in single or joint names.
6. After placing your Investment in the Account you may make further Deposits. There is no limit to the number of Deposits you can make in any one month; however the total value must not exceed £250.
7. Interest is calculated daily and credited to the Account on each Monthly Anniversary.
8. Monthly Anniversary' is taken from the date of Account opening. For example if the Account is opened on the 27th January, the Monthly Anniversary is the 27th of each subsequent month.
9. The bonus on your Account is variable, calculated daily and paid on the Monthly Anniversary.
10. The bonus on your Account will be paid as long as you make at least one Deposit and make no withdrawals in each Bonus Qualifying Period
11. A Bonus Qualifying Period is classed as the time between each Monthly Anniversary (for example if your account was opened 27th January 2011, the first Bonus Qualifying Period would be 27th January 2011 to 26th February 2011, the second would be 27th February 2011 to 26th March 2011 etc). If your Monthly Anniversary does not exist in a particular month the Monthly Anniversary date will be the final day of the month. For example if you open your account on 31st January 2011, your first Bonus Qualifying Period will end on 28 February 2011
12. During each bonus qualifying period, you must make at least one deposit prior to each monthly anniversary date and make no withdrawals within the bonus qualifying period
13. A 'Deposit;' is defined as a minimum investment of £1.
14. Withdrawals are available without notice or penalty.
15. If you do not make a Deposit or make a withdrawal during a Bonus Qualifying Period, your account will be credited with the non-bonus interest rate, currently 1.98% Gross/2.00% AER* (variable), in that month
16. Before the child's 17th Birthday, the account must be transferred to one of the then current Deposit Accounts available to over 16's, available with the Newcastle at that time.
17. Details are correct as at 14/03/2011.

The Newcastle's Savings General Terms & Conditions will apply unless they are inconsistent with these Special Conditions, effective from the date of the account opening.

1. The Account is a variable rate account.
2. The Account is operated by branch or post.
3. Only individuals aged 16 or over who have parental responsibility for a child under 16 can apply to open a Newcastle Junior Cash ISA on behalf of the child.
4. A child of 16 years or older may apply for and operate the Account themselves.
5. Only children under the age of 18 that do not have a Child Trust Fund are eligible to open a Junior ISA (JISA).
6. The minimum initial investment in the Account is £1 and the maximum in one tax year is subject to the Junior Cash ISA allowance. Transfers of previous and current years Junior ISA subscriptions from other Junior ISA providers are also permitted. These are subject to the child not holding 2 accounts of the same type at the end of the transfer process. ( ie stocks and Shares Or Cash JISA)
7. Transfers to other Junior ISA providers are permitted penalty free. Partial Transfers are not permitted.
8. After placing your Investment in the Account you may make unlimited further Deposits. There is no limit to the number of Deposits you can make; however the total value must not exceed the maximum JISA limit for the current tax year.
9. Interest is calculated daily and credited to the Account on each Account Anniversary.
10. Withdrawals from the Account before the child's 18^th birthday are not permitted. The only exception to this is where a child becomes terminally ill. Under such circumstances, access to funds would then be permitted subject to HMRC approval.
11. The Account will close upon the death of the child.
12. The Account is a limited issue and may be withdrawn to new applicants at any time and at short notice.
13. 'Account Anniversary' means twelve months from account opening and each subsequent twelve month period.
14. The child is the account holder and can only hold one Junior Cash ISA at any time. The Newcastle Building Society allows you to split your annual Junior ISA allowance between various Newcastle Junior Cash ISA products. If you have an existing Junior Cash ISA held elsewhere, you can transfer this to the Newcastle.
15. Once the child reaches the age of 18, the Account will convert into a cash ISA, and the new account terms and conditions will apply. We will write to you prior to maturity to advise you of any amendments to the Terms and Conditions of your Account. These amendments may include the access terms, withdrawal arrangements and the duration of the Account.
16. Any payment made into the Account which does not breach the annual subscription limit, is a gift to the child and is not refundable.
17. Details are correct as at 12^th April 2012.

The Newcastle's Savings General Terms & Conditions will apply unless they are inconsistent with these Special Conditions, effective from the date of the account opening.

1. The Account is a variable rate account.
2. The Account is operated by branch or post.
3. Only individuals aged 16 or over who have parental responsibility for a child under 16 can apply to open a Newcastle Junior Cash ISA on behalf of the child.
4. A child of 16 years or older may apply for and operate the Account themselves.
5. Only children under the age of 18 that do not have a Child Trust Fund are eligible to open a Junior ISA (JISA).
6. The minimum initial investment in the Account is £1 and the maximum is £1,000. The maximum investment in one tax year is subject to the Junior Cash ISA allowance. Transfers of previous and current years Junior ISA subscriptions from other Junior ISA providers are also permitted. Transfers are subject to the child not holding 2 accounts of the same type at the end of the transfer process. (ie stocks and Shares Or Cash JISA)
7. Transfers to other Junior ISA providers are permitted penalty free.
8. After placing your Investment in the Account you may make further Deposits. There is no limit to the number of Investments you can make in any one month; however the total value must not exceed £1,000 or the maximum JISA limit for the current tax year.
9. Interest is calculated daily and credited to the Account on each Account Anniversary.
10. 'Monthly Anniversary' is taken from the date of Account opening. For example if the Account is opened on the 27th January, the Monthly Anniversary is the 27th of each subsequent month.
11. The bonus on your Account is variable.
12. A Bonus Qualifying Period is classed as the time between each Monthly Anniversary (for example if your account was opened 27th January 2012, the first Bonus Qualifying Period would be 27th January 2012 to 26th February 2012, the second would be 27th February 2012 to 26th March 2012 etc). If your Monthly Anniversary does not exist in a particular month the Monthly Anniversary date will be the final day of the month. For example if you open your account on 31st January 2012, your first Bonus Qualifying Period will end on 28th February 2012
13. A 'Deposit;' is defined as a minimum investment of £1.
14. Withdrawals from the Account before the child's 18^th birthday are not permitted. The only exception to this is where a child becomes terminally ill. Under such circumstances, access to funds would then be permitted subject to HMRC approval.
15. The Account will close upon the death of the child.
16. If you do not make an investment during a Bonus Qualifying Period, your account will be credited with the non-bonus interest rate, currently 1.98% Gross* / 2.00% AER** (variable), in that month.
17. The child is the account holder and can only hold one Junior Cash ISA at any time. The Newcastle Building Society allows you to split your annual Junior ISA allowance between various Newcastle Junior Cash ISA products. If you have an existing Junior Cash ISA held elsewhere, you can transfer this to the Newcastle.
18. Once the child reaches the age of 18, the Account will convert into a cash ISA, and the new account terms and conditions will apply. We will write to you prior to maturity to advise you of any amendments to the Terms and Conditions of your Account. These amendments may include the access terms, withdrawal arrangements and the duration of the Account.
19. Any payment made into the Account which does not breach the annual subscription limit, is a gift to the child and is not refundable.
20. The Account is a limited issue and may be withdrawn to new applicants at any time and at short notice.
21. Details are correct as at 12^th April 2012.