Newcastle Big Little Saver

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.

Including Bonus 1.85% GROSS/AER*
Excluding Bonus 0.85% GROSS/AER*

Summary Information

Summary box
Account Name Newcastle Big Little Saver
What is the interest rate? Interest rate without bonus

Interest rate with bonus (includes a bonus of 1.00% Gross*/AER**)
Monthly 0.85% Gross*/0.85% AER** (Variable)

Monthly Gross*/AER** 1.85%/1.87% (Variable)
Interest is paid on
The interest and bonus interest are calculated daily and will be paid to the account on the Monthly Anniversary of account opening.
Conditions for the bonus interest rate
You must make at least one Deposit and make no withdrawals in each Bonus Qualifying Period. The bonus interest on your Account is variable. If you do not make an investment or you make a withdrawal during a Bonus Qualifying Period, your account will be credited with the non-bonus interest rate, currently 0.85% Gross*/AER** (variable), in that Bonus Qualifying Period.
Can Newcastle Building Society change the interest rate? We can change the rate of interest payable on this account. The account is a variable rate account which means that the rate of interest paid may change throughout the lifetime of the account. Please refer to point 6 of the Savings General Terms & Conditions which sets out the reasons for which Newcastle Building Society may change the interest rate and the procedure for doing so.
What would the estimated balance be after 12 months of account opening based on a £250 deposit? Monthly (Variable) - Including Bonus

£1364
This projection is based on on an intiail £250 deposit and 11 further monthly deposits of £100 and no withdrawals are made.

Monthly (Variable) - Excluding Bonus
£252
This projection is based on an initial £250 deposit and no further monthly deposits and no withdrawals are made.
Please note: This projection is provided for illustrative purposes only and does not take into account customer's individual circumstances.
How do I open and manage my account? Opening your account
In branch. You can also request product information by calling us.
Giving us instructions for your account
In branch, by post or by telephone.

Minimum Opening Deposit: £1
Maximum Opening Deposit: £250

Minimum Regular Monthly Deposit for the bonus interest rate: £1
Maximum Regular Monthly Deposit for the bonus interest rate: £250
*Please refer to point 8 below.

Maximum Account Balance: £250,000 (plus any resulting interest).

Can I withdraw money? Withdrawals/transfers can be made penalty free without notice.
Additional information

Tax status: Interest will be paid gross* which means no tax is deducted. It is your responsibility to pay any tax due, based on your individual circumstances.

Terms and Conditions

Please make sure you've read the terms and conditions before applying

Ways to Apply

Post

Please give us a call on 03457 344 345 and we will post an application form to you.

Branch

Visit your local branch with proof of identity and residence and we'll open the account for you.

Apply in Branch

Life Protection Insurance

Life Protection Insurance is designed to protect you and your family from the financial consequences of death, a serious accident or illness, or with certain policies, even unemployment

Find out more