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Application Form
Children's Regular Saver
Up to 2.10% Gross / AER*
It's never too early to start saving, with our children's regular saver.
Whether you're a parent looking for a way to teach your kids how to save or a child looking for somewhere to keep your pocket money, our Children's Regular Saver account could be just the thing.
A children's saving account for regular saving
This children's saving account is perfect for first time savers. It rewards children for saving with a 2% savings interest bonus at the end of the year. Simply make 11 monthly payments of £10 or more to qualify for the bonus. So by the end of the year you'll have even more money in your children's saving account.
Instant access savings
The great thing about our Children's Regular Saver account is that you can always get your money when you need it. It's an instant access savings account, so when you want to make a withdrawal, just pop into your local branch with your passbook. You can make up to 6 withdrawals each year without penalty.
Anyone under 16 can have a childrens saving account with us
It's never too early to start saving, which is why this childrens saving account is available to children of any age. For children under 7, a parent or guardian will need to open the account. While children of 7 or older can open it themselves, in their own name.
Is this account right for you?
If you're still wondering which savings account is right for you, our friendly advisers will be happy to help. Simply pop into your local branch or call 0845 600 4368.
Product Terms
General Terms and Conditions
Application Form
Summary Box - Key Product Information for our Savings Account
| Account Name |
Children's Regular Saver |
| Interest Rates |
Annual (Variable, Including Bonus) |
Monthly (Variable, Excluding Bonus) |
| |
2.10% Gross/AER* |
0.10% Gross/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 11 out of 12 regular monthly payments and no more than 6 withdrawals during the year. |
| Withdrawal arrangements |
Penalty free without notice, only six withdrawals per year permitted. |
| Access |
In branch or by post only. |
| |
Additional Important Information |
| Interest Payment |
Annually, on Anniversary of account opening |
| Minimum Balance |
£1 |
| Maximum Balance |
£1,000,000 |
| Minimum Monthly Investment |
£10 |
| Maximum Monthly Investment |
£1,000 |
Product Terms and Conditions
The Newcastle's General Investment Terms & Conditions will apply unless they are inconsistent with these Special Conditions, effective from the date of the account opening.
- The Account is a variable rate account.
- This Account is only available to individuals who are 16 years or under.
- The Account can only be operated in branch or by post.
- The minimum investment in the Account is £1 the maximum is £1,000,000.
- The Account can be held in single or joint names.
- After placing your Investment in the Account you may make further deposits while the Account is a current issue.
- Interest is calculated daily and credited to the Account on the account Anniversary.
- 'Anniversary' means twelve months from the date of opening and each subsequent twelve month period.
- The bonus on your Account is variable, calculated daily and will be paid annually on the Account anniversary.
- To qualify for the bonus must make eleven out of twelve regular Monthly Payments during the year and no more than six withdrawals.
- A 'Monthly Payment' is defined as a minimum investment of £10 in a calendar month.
- There is no limit to the number of investments you can make in any one month.
- Withdrawals are available without notice.
- You can make six withdrawals per year without affecting your bonus. If you make seven or more withdrawals you will receive Nova Plus rates from the date of the seventh withdrawal until the account anniversary.
Application Form
How it works
General Terms and Conditions
Application Form
Two ways to save
You can pay money into your Children's Regular Saver account in one of two ways:
- The Children's Regular Saver account is a passbook account, which means you can pay money in at your local branch
If you are saving on behalf of a child it is recommended that you do so on a monthly basis by standing order. By using this option you can be sure that your money will be taken from your nominated account at the same time each month so you don't need to worry about whether or not you have made your investment for the month.
- You will receive a Standing Order form once your account has been opened. All you need to do is complete this form and send it to your nominated bank or building society
If using this option we recommend that you ask for any payment coming from another bank or building society to be sent between the 10th and 20th of each month, to ensure that standing orders are received in your account by the end of the month.
Application Form
* 'Gross' interest is the contractual rate of interest payable before the deduction of income tax.
'AER' means "Annual Equivalent Rate" and is a notional rate which illustrates the contractual interest rate (excluding any bonus payable) as if paid and compounded on an annual basis.
