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!

Newcastle Big Little Saver - Child Saver Account

up to 3.00%
GROSS/AER*
  • 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.
  • Available in branch or by post
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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/3.00% 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 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 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.
 
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