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Mutual Respect

From your local mortgage and savings experts

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Children's savings

We love looking after our members' savings and are proud of the service we provide them.

Children's savings

It’s never too early to start saving money. Our Barry Bear account is open to anyone under 7 at the time of opening the account  and our Young saver account is open to anyone under 18. They are both passbook accounts, and come with a FREE gift and a Member Loyalty Card, which lets you access a wide range of offers locally. It’s a great way to encourage young savers. We also offer an ISA specifically for children.

Barry Bear account
3.00% Gross / AER

Key Features

Interest rates (AERs)

  • 3.00% Variable - may be subject to change in the future.
  • Calculated daily and paid annually on 31 October into the account.

Tax status

Gross/Net

Conditions for bonus payment

n/a

Withdrawal arrangements

Easy access.

  • You can withdraw up to £350 cash a day.
  • Easy access by cheque against cleared funds.

Access

Branch

This rate is for balances from £1.

Our savings accounts are only available to UK residents.

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.

Apply Now

Complete the form below and return to your local branch in person. You should also read Identification for customers and Savings terms and conditions to ensure you understand the features and conditions of what you are buying. We recommend you contact your local branch to make an appointment before coming in with your completed form.

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Additional Information

Minimum opening balance
£1

Minimum operating balance
£1 

Maximum balance
£3,000 

Age requirements
Available to those aged 7 and under, at the time of opening.

Opening conditions
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.

Branch access
A passbook is issued for all accounts. This enables you to use our branch deposit and withdrawal service.

Additional deposits
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.

Charges
Not for the normal operation of the account (see our Savings terms and conditions PDF for more details).

Additional benefits

  • Welcome gift
  • Member Loyalty Card enabling discounts and special offers from local traders who participate in our scheme.
  • Cheque withdrawals as low as £5.

Similar products

Young saver
Suitable if you are aged under 18 years and require easy access to your savings.

Important information

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 

Cash Junior ISA
2.50% Tax Free / AER

Key Features

Interest rates (AERs)

  • Available here.
  • Variable - may be subject to change in the future.
  • Calculated daily and paid annually on 31 October into the account.

Tax status

Tax free (interest is exempt from income tax). Tax treatment depends on individual circumstances and may be subject to change in the future.

Conditions for bonus payment

n/a

Withdrawal arrangements

  • No withdrawals are permitted
  • On the 18th birthday of the holder, the account will be transferred to an easy access adult Cash ISA and the holder will be able to make withdrawals.

Access

Branch/Post

 

2.50% Tax Free/AER

This rate is for balances from £50.

Our savings accounts are only available to UK residents.

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.

Apply Now

Complete the form below and return to your local branch in person. You should also read Identification for customers and Savings terms and conditions to ensure you understand the features and conditions of what you are buying. We recommend you contact your local branch to make an appointment before coming in with your completed form.

Print Page Print Page
Print Page PDF

Additional Information

Type of ISA
Cash Junior ISA. Junior ISA (JISA) became available from 1 Nov 2011. A JISA is a type of ISA available to eligible children.

Minimum opening balance
£50

Minimum operating balance
£50. If the balance falls below the the minimum operating balance a nominal interest rate applies (see Current interest rates for more details).

New investors
Yes.

Eligibility requirements
A child is eligible for a Cash Junior ISA if, when the application is made:

  • They are under age 18.
  • They do not hold a Child Trust Fund.
  • They are resident in the UK.

For children under 16, a person with parental responsibility must apply to open the account.

Over 16's can apply directly, or a person with parental responsibility can apply to open the account on their behalf.

ISA transfers in
Yes. Transfers from existing Cash Junior ISA’s, held with other providers, are accepted.

ISA transfers out
Yes. Investors can transfer all or part of their ISA funds (subscriptions) to another ISA provider. Please note that HMRC rules require that transfers of the current year’s subscriptions are made in full.

Restricted deposit
There are two types of JISA - Cash and Stocks and Shares. You can hold one of each type until the age of 18. Once you have invested the full subscription for the year, you cannot make additional investments. We do not currently provide a Stocks and Shares junior ISA.

Annual JISA allowance

For the tax year 6 April 2014 - 5 April 2015, your allowance is £3,840 for cash and/or stocks and shares. From 1 July, the annual allowance for 6 April - 5 April 2015 will increase to £4,000. You can continue to choose how to split your annual allowance as you wish. For example, all cash or all stocks and shares, or a split between the two.

Charges
Not for the normal operation of the account (see our Savings terms and conditions PDF for more details).


Additional benefits

  • Member Loyalty Card enabling discounts and special offers from local traders who participate in our scheme.

Similar products
Square deal Cash ISA
Suitable if you are aged 16 or over, require easy access to your savings and have not subscribed to a Cash ISA in the current tax year.
Young Saver
Suitable if you are aged under 18 and require easy access to your savings.

General Junior ISA terms and Conditions

  • An JISA may only be held by an investor in his or her sole name. Joint accounts are not allowed. You must be under 18 years of age to invest in an JISA.
  • The registered contact is the person who can agree with the account manager the terms and conditions under which the account will operate, and give instructions to the account manager for the management of the account. There can be only one registered contact for an account at any time. The registered contact will be:
    a) The child holding the account if they are aged 16 or over and have taken on management of the account by making an application to the account provider for registered contact status, or
    b) A person with parental responsibility for the child holding the account.
  • All correspondence will be sent to the registered contact.
  • All JISA investments will be and must remain in the beneficial ownership of the child. Any rights in respect of your JISA may not be assigned and those rights may not be used as security for a loan.
  • All subscriptions to the JISA are a gift to the child, and as such cannot be repaid to the subscriber if at a later date the subscriber changes their mind.
  • A JISA may not be transferred from one investor to another.
  • The child is resident in the United Kingdom or is a UK Crown Servant, a dependant of a UK Crown Servant or is married to, or in a civil partnership with a UK Crown Servant.
  • The start date for your JISA is the date of the first deposit.
  • On the instructions of the registered contact a JISA with all rights and obligations shall be transferred to another ISA manager within five working days.
  • You must not subscribe more than the overall subscription amount in total to a Cash JISA and Stocks and Shares JISA in the same tax year. Once the limit has been reached for the tax year you cannot make further subscriptions.
  • In the event of death of the child, the JISA must cease on the date of death. Interest will be paid gross up to and including the date of death. The account will be transferred into an interest bearing account in the names of the personal representatives. Interest arising after the date of death will be subject to deduction of income tax at the appropriate rate.
  • For a period of 30 days after opening the JISA, the registered contact may instruct us that they have changed their mind and we will return the deposit to the child, subject to cheque clearance, with any accrued interest. The 30 day cancellation period starts on the day you open your Cash JISA and ends at close of business on the 30th calendar day. To cancel the JISA agreement with us, you can either visit or write to your local branch, enclosing your passbook. No administration charges will be made.
  • Newbury Building Society will notify the registered contact if, by reason of failure to satisfy the provisions of the JISA regulations, a JISA has, or will, become void.


Tax free is the contractual rate of interest payable where interest is exempt from income tax. 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

Young saver
1.65% Gross / AER

Key Features

Interest rates (AERs)

  • Available here.
  • Variable - may be subject to change in the future.
  • Calculated daily and paid annually on 31 October into the account, to another Society account or your bank account.

Tax status

Gross/Net

Conditions for bonus payment

n/a

Withdrawal arrangements

Easy access.

  • You can withdraw up to £350 cash a day.
  • Easy access by cheque against cleared funds.

Access

Branch/Post 

This rate is for balances from £1.

Our savings accounts are only available to UK residents.

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.

Apply Now

Complete the form below and return to your local branch in person. You should also read Identification for customers and Savings terms and conditions to ensure you understand the features and conditions of what you are buying. We recommend you contact your local branch to make an appointment before coming in with your completed form.

Print Page Print Page
Print Page PDF

Additional Information

Minimum opening balance
£1

Minimum operating balance
£1. If the balance falls below the minimum operating balance a nominal interest rate applies (see Current Investment interest rates for more details). 

Maximum balance
£1,000,000 (although another account may be more suitable for large balances). 

Age requirements
Available to those aged 17 and under.

Charges
Not for the normal operation of the account (see our Savings terms and conditions PDF for more details).

Additional benefits

  • Welcome gift
  • Member Loyalty Card enabling discounts and special offers from local traders who participate in our scheme.
  • Cheque withdrawals as low as £5.

Similar products
Cash Junior ISA
Suitable if you are aged under 18 years, require easy access to your savings and have not subscribed to a Cash ISA in the current tax year.


Important information
Young savers can open and operate their own account once they reach seven years old. Accounts for children under seven years must be opened and operated by an adult acting as their nominee.

We will contact the account holder when they reach age 16 to see if they can still receive gross interest.

When the account holder reaches 18 we will automatically transfer the money in the Young saver to an Instant premium account. Instant premium is a (variable interest) easy access account. We will write to the account holder to confirm this and invite them to attend a savings review at their branch to discuss whether this is the best account for their money. The most suitable account will depend on the level of savings the account holder has with us and elsewhere and the level of access they need to the money.

If we suspect the funds in the Young saver account do not belong to the account holder or are not being used for the benefit of the account holder, we reserve the right to close the account and send a cheque made payable to the account holder.

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 

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Newbury Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number 206077). Registered office: Newbury Building Society, 17 Bartholomew Street, Newbury, Berkshire, RG14 5LY.

English law applies and we will communicate with you in English. We are participants of the Financial Ombudsman Service. We have a complaints procedure which we will provide on request. Most complaints that we cannot resolve can be referred to the Financial Ombudsman Service.

You can check the Financial Services register on the FCA's website.

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