You should read this product information carefully in conjunction with our Savings Terms and Conditions and ID for customers to ensure you understand the features and conditions of what you are buying. Our savings accounts are only available to UK residents. We recommend you contact your local branch to make an appointment before delivering your completed application form.
Savings Features
- Account name
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- Junior Cash ISA
- What is the interest rate?
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- Rate of interest payable depends on individual circumstances and may be subject to change in the future.
- If the balance falls below the minimum operating balance, a variable rate of 1.50% gross/AER will be paid.
- Interest is variable and calculated daily and added to the account annually on 31 October.
Interest rate bandInterest rate£50+3.65% tax free/AER variable
- Can Newbury Building Society change the interest rate?
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- The rate can be changed in accordance with our Savings terms and conditions. These can be accessed in branch and online at www.newbury.co.uk.
- We will let you know of any downward rate change by letter, email or secure message through our myaccounts online system.
- What would the estimated balance be after 12 months based on a £1,000 deposit?
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- This estimation is for illustrative purposes only and does not reflect individual circumstances.
Interest rate bandEstimated balance£50+
£1,036.50
- How do I open and manage my account?
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- If the account is opened by post, the account must be approved within 14 days. If the account is not approved within 14 days, we will close the account. The account is approved when we have received the application and the identification requirements have been satisfied. Once the account is approved, the account can receive deposits up to the account limit within five business days. If no deposits have been received within five business days, we will close the account.
- 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.
- The minimum opening and operating balance is £50.
- The maximum balance is £1,500,000.
- This account can be opened and operated in branch or via post.
- A child is eligible for a Junior Cash ISA if, when the application is made: - They are under the age of 18. - They do not hold a Child Trust Fund. - They are resident in the UK.
- JISA rules apply, please see below.
- Account holder/s must be resident in England or Wales.
- Can I withdraw money?
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- 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.
- Additional information
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- JISA flexibility - No. Government rules do not allow JISA's to be flexible because money cannot be withdrawn until the child turns 18.
- Tax status - Tax free (interest is exempt from income tax).
- Child Trust Fund - No. Transfers from existing Child Trust Funds, held with another provider, are not accepted into this account.
- Transfers Out ✅ Full transfer out of current and previous years' subscriptions is accepted. ❌ Partial transfer out of current or previous years' subscriptions is not accepted.
- Transfers In ✅ Full transfer in of current and previous years' subscriptions is accepted. ✅ Partial transfer in of previous years' subscriptions is accepted. ❌ Partial transfer in of current year's subscriptions is not accepted.
WE HAVE NO CURRENT PLANS TO WITHDRAW THIS PRODUCT BUT IT MAY BE WITHDRAWN WITHOUT NOTICE.
- We will require identification for all parties on a savings account, please see ID for customers for details.
- Online withdrawal access is not available to account holders under 18 or accounts with an attorney, nominee or executor. These types of accounts can be opened and operated in branch.
- There are no charges for the normal operation of this account. See our Savings terms and conditions for more information.
Annual ISA allowance
For the tax year 6 April 2025 - 5 April 2026, your allowance is £9,000
You can choose how to split your annual allowance as you wish. For example, all cash, or all stocks and shares, or split between the two.
1. You must be at least 18 years of age to invest in an ISA.
2. An ISA may only be held by an investor in his or her sole name. Joint accounts are not allowed.
3. The start date for your ISA is the date of the first deposit.
4. You can save in one Cash ISA per tax year (6 April to 5 April) with Newbury Building Society up to the total annual ISA allowance. The remainder of the annual ISA allowance can be invested in a single or multiple Cash ISAs or a Stocks & Shares ISAs with another provider subject to the providers ISA Terms & Conditions.
5. You must be resident in the United Kingdom for tax purposes or, if not so resident, either perform duties which, by virtue of Section 28 of Income Tax (Earnings & Pensions) Act 2003 (Crown employees serving overseas), are treated as being performed in the United Kingdom, or you must be married to, or in a civil partnership with, a person who performs such duties. You must inform Newbury Building Society if you cease to be so resident or to perform such duties or be married to, or in a civil partnership with, a person who performs such duties.
6. Your yearly allowance does not roll over, so if you do not use it, it will not be added to the next year’s allowance.
7. For a period of 30 days after opening your ISA, you may instruct us that you have changed your mind and we will return your deposit to you, subject to cheque clearance, with any accrued interest (tax will not be deducted). Alternatively, we can help you switch to another savings account with us (conditions allowing). The 30 day cancellation period starts on the day you open your Cash ISA and ends at close of business on the 30th calendar day. To cancel your ISA agreement with us, you can either visit or write to your local branch, enclosing your passbook.
8. On the instructions of the investor an ISA with all rights and obligations shall be transferred to another ISA manager within five working days.
9. An ISA may not be transferred from one investor to another. However, in the event of death, the ISA subscription allowance (known as an ‘Additional Permitted Allowance’ APS) can be passed to a surviving spouse or civil partner.
10. The ISA must cease on the date of death of the investor. Interest will be paid gross up to the date of closure. Up to a maximum of 3 years after the date of death. Interest arising after the date of death will be subject to deduction of income tax at the appropriate rate and should be declared to HMRC as part of the deceased tax liabilities.
11. ISA Regulation 4(6)(e): The ISA manager will satisfy himself that any person to whom he delegates any of his functions or responsibilities under the terms agreed with the investor is competent to carry out those functions and responsibilities.
12. ISA Regulation 4(6)(g): The ISA manager will notify the investor if, by reason of any failure to satisfy the provisions of the ISA regulations, an ISA has, or will, become void.
13. ISA Regulation 4(6)(a): The ISA investments will be, and must remain in, the beneficial ownership of the investor and must not be used as security for a loan.
14. ISA Regulation 4(6)(f): On the instruction of the investor and within the time stipulated by the investor, all investments, or part of the investments, shall be transferred to another ISA manager in accordance with ISA Regulations relating to transfers.
15. ISA Regulation 4(6)(fa): On the instruction of the investor and within the time stipulated by the investor, all investments, or part of investments, shall be transferred or paid to the investor.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once a year.
Tax free is the contractual rate of interest payable where interest is exempt from tax.
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