This rate is for balances from £1.
We accept savings applications from new members in the following areas: AL, BA, BH, BN, BS, DT, GL, GU, HA, HP, KT, MK, OX, PO, RG, RH, SL, SN, SP, SO, TW, UB, WD.
We accept savings applications from existing members regardless of their postcode.
Minimum opening balance
Minimum operating balance
Available to those aged 7 and under, at the time of opening.
The account must be opened and operated by an adult acting as nominee for the child.
The account must be opened in person, at one of our branches.
For new members, both nominee and child must be resident within the local operating area.
Only one Barry Bear account per child.
Eligible existing members can transfer funds from a Newbury Building Society account subject to the terms and conditions of their existing accounts.
A passbook is issued for all accounts. This enables you to use our branch deposit and withdrawal service.
Deposits must be made by cash or personal cheque (or cheque from a building society savings account), tranfer from an existing Newbury Building Society account or personal bank account. Cheques must be made payable to the child.
Not for the normal operation of the account (see our Savings terms and conditions PDF for more details).
- Welcome gift
- Member Loyalty Card enabling discounts and special offers from local traders who participate in our scheme.
- Cheque withdrawals as low as £5.
Suitable if you are aged under 18 years and require easy access to your savings.
On the 10th birthday of the child, we will automatically transfer the money in your Barry Bear account to an Easy access account available to children. We will write to you to confirm this and let you know of any further options available to you.
The child is the sole beneficiary of this account and therefore withdrawals should be made for the benefit of the child. We may therefore ask you to confirm the reason for the withdrawal.
Account holders are members of the society but do not hold voting rights.
Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law, currently 20%. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
WE HAVE NO CURRENT PLANS TO WITHDRAW THIS PRODUCT BUT IT MAY BE WITHDRAWN WITHOUT NOTICE