The Newcastle’s Junior Cash ISAs

A great way to build your child a nest-egg
If you're the parent or carer of young children, it may seem a long way off until they fly the nest - and at the Newcastle we're sure that you’ll want to give them as much help as possible when that time comes.

That’s where our Junior Cash ISAs come in.

Tax-free savings for your little ones
Junior ISAs were introduced late 2011 and are available to any child who was not eligible for a Child Trust Fund. You can use them to build a nest-egg for your children which will be given to them once they turn 18.

You may already be saving for your children’s future, but if the amount a parent invests means that the child receives more than £100 interest a year, then this interest begins to attract income tax! With a Junior Cash ISA, all the interest earned is tax-free – meaning more for the little one when they’re a not-so-little one!

Regular savings or lump sums – the choice is yours
To help you make the most of the £3,840 Junior ISA allowance each child has each year, we’ve recently launched two types of Junior Cash ISAs – the Big Little Junior ISA and the Newcastle Junior ISA.

Should you wish to find out more information about these products, please call us on 0845 600 4368 or pop into your local branch.

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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