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Newcastle Children's Saver
Rate
- Open with: £1
- Take money out: anytime
- Invest up to £200 a month
- Apply in Branch
Summary information
Account Name
Newcastle Children's Saver
What is the interest rate?
Annual (Variable) 4.20% Gross PA/AER
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 section 3 of the Savings General Terms & Conditions which sets out the reasons for which Newcastle Building Society may change the interest and the procedure for doing so.
What would the estimated balance be after the first 12 months of account opening based on a £200 deposit?
Annual (variable)
£2,453
This projection is based on an initial £200 deposit and 11 further monthly deposits of £200 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 only.
Giving us instructions for your account: In branch, by post or by telephone.
Minimum opening deposit: £1
Maximum opening deposit: £500
Minimum monthly deposit: £0
Maximum monthly deposit: £200
Minimum account balance: £1
Maximum account balance: £25,000 (plus any resulting interest)
Can I withdraw money?
Withdrawals/transfers can be made penalty free without notice. Any withdrawals from the account can only be repaid in accordance with the maximum monthly subscription limit.
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.
Any deposits made in to this account must be paid in by 6pm on the last day of the calendar month to be included within the deposit limits of that calendar month. Any deposits paid in after 6pm will be included within the following calendar month’s deposit limit.
Ways to apply
In branch
Visit your local branch. If you’d like to open an account in-branch, you may need to arrange an appointment. Before visiting, please call ahead.