Childrens Accounts

Get your little ones into the savings habit with our special kids account, which pays a bonus if you make regular deposits. As well as a great rate, there's a whole host of goodies too!

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Newcastle Big Little Saver - Child Saver Account

2.00% †
GROSS/AER*
  • † An additional 1% bonus is paid for regular savers
  • Initial investment of between £1 and £250
  • For your monthly bonus, during each Bonus Qualifying Period, you must make at least one deposit of between £1 and £250 and make no withdrawals.
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Introducing a BIG savings account for your little savers
At the Newcastle, we believe it's vital for children to learn the importance of saving from a young age.

The Newcastle's Big Little Saver is the perfect place for young savers to keep their pocket money, and save up for whatever they want. More importantly, it also allows them to take responsibility for their own finances – standing them in good stead for the future.

For fun and games, please visit the Big Little Saver website

General Savings Terms and Conditions - We strongly recommend you print and retain a copy. Savings Guide - a helpful guide to show you what you can do with your new accountNeed more assistance? Speak to an advisor on 0845 600 4368

Summary Box - Key Product Information for our Savings Account

Account Name Newcastle Big Little Saver
Interest Rates
Monthly (variable), including bonus:
2.98% Gross/3.02% AER*
Monthly (variable), excluding bonus:
1.98% Gross/2.00% AER*
Tax Status Interest will be paid after the deduction of income tax at the appropriate rate unless you request otherwise.
Conditions for bonus payment You must make at least one deposit and make no withdrawals in each Bonus Qualifying Period.
Withdrawal arrangements Penalty free without notice.
Access By branch or by post.
  Additional Information
Interest Payment Interest and Bonus are calculated daily and paid on Monthly Anniversary of Account opening
Initial Investment £1 - £250
Minimum Monthly Investment: £1
Maximum Monthly Investment: £250

Product Special Conditions

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 can only be opened by individuals who are 16 years or under, however, an adult is required to be added to the account in an operational capacity and for correspondence purposes. The adult will be the 'Registered Contact', who will remain on the account until the child's 16th Birthday.
  3. Once the account is opened, both the Registered Contact and any child over the age of 7 may operate the account.
  4. Upon the child's 16th Birthday the Registered Contact will be removed from the account and all correspondence will be addressed directly to the child. The Account will also pay interest net of tax from this date. We will write to the Registered Contact prior to this, to give further information regarding the tax status.
  5. Withdrawals can be made without notice or penalty. Withdrawals for accounts which are for a child under 16 may be made by either the child or the Registered Contact. Any withdrawal requests made by a child under the age of 7 are required to be authorised by the Registered Contact.
  6. The Account can be operated in branch or by post
  7. The minimum initial investment in the Account is £1 the maximum is £250.
  8. 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.
  9. Interest and bonus are calculated daily and credited to the Account on each Monthly 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, calculated daily and paid on the Monthly Anniversary.
  12. 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
  13. 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 27th February 2011, the second would be 28th February 2011 to 27th 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
  14. 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
  15. A 'Deposit;' is defined as a minimum investment of £1.
  16. 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
  17. 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.
  18. Details are correct as at 05/09/2013.


Newcastle Junior ISA

up to 2.60%
GROSS/AER*
  • An attractive variable rate of interest.
  • Initial investment of £1. Transfers from other JISA providers are also permitted.
  • Invest up to the maximum of £3,840 for the current tax year.
 Show Details & Apply Hide Details
General Savings Terms and Conditions - We strongly recommend you print and retain a copy. Savings Guide - a helpful guide to show you what you can do with your new accountNeed more assistance? Speak to an advisor on 0845 600 4368

Summary Box - Key Product Information for our Savings Account

Account Name Newcastle Junior ISA
Interest Rates
Annual (Variable)
2.60% Gross/AER*
Tax Status Interest is paid Gross*.
Conditions for bonus payment No bonus is applicable.
Withdrawal arrangements Withdrawals are not permitted until the child's 18th Birthday.
Access By branch or post.
  Additional Information
Interest Payment Interest and Bonus are calculated daily and paid on Monthly Anniversary of Account opening
Minimum Balance £1
Maximum Balance Allowance for the current tax year. Transfers from other Junior ISA providers are also permitted.

Product Special Conditions

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 and bonus are calculated daily and credited to the Account on each Account Anniversary.
  10. Withdrawals from the Account before the child's 18th 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 and the child 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 23/07/2013.
 

Newcastle Big Little Junior ISA

2.00% †
AER*
  • † An additional 1% bonus is paid for regular savers
  • Initial investment of £1. Transfers from other JISA providers are also permitted.
  • Save up to a maximum of £1,000 per month (up to the total Junior ISA balance limit of £3,840 for the current tax year).
 Show Details & Apply Hide Details
General Savings Terms and Conditions - We strongly recommend you print and retain a copy. Savings Guide - a helpful guide to show you what you can do with your new accountNeed more assistance? Speak to an advisor on 0845 600 4368

Summary Box - Key Product Information for our Savings Account

Account Name Newcastle Big Little Junior ISA
Interest Rates
Monthly (Variable, including bonus)
2.98% Gross*
3.02% AER**
Monthly (Variable, excluding bonus)
1.98% Gross*
2.00% AER**
Tax Status Interest is paid Gross*.
Conditions for bonus payment You must make at least one Deposit in each Bonus Qualifying Period.
Withdrawal arrangements Withdrawals are not permitted until the child's 18th Birthday.
Access By branch or post.
  Additional Information
Interest Payment Interest and bonus are calculated daily and paid on the Monthly Anniversary of Account opening
Minimum Initial Investment £1
Maximum Initial Investment £1,000
Minimum Monthly Investment £1
Maximum Monthly Investment £1,000

Product Special Conditions

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 and bonus are 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 18th 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 and the child 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 23rd July 2013.
 

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