Summary box
Our savings accounts are available to those living in England or Wales. You should read this product information alongside our Savings Terms and Conditions and ID for Customers leaflets.
Junior Cash ISA
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Interest rate:
3.40% Tax free/AER variable
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Manage your money:
In branch & by post
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Accessing your money:
No notice required
What is the interest rate?
| Account balance: | Interest rate (Gross/AER variable): |
|---|---|
| £50+ | 3.40% Tax free/AER variable |
- Rate of interest payable depends on individual circumstances and may change in the future.
- If the balance falls below the £50 minimum, a variable rate of 1.50% gross/AER will be paid.
- Interest is calculated daily and paid annually on 31 October.
Can Newbury change the interest rate?
- Interest rate is variable so can be changed as explained in our Savings Terms and Conditions.
- We will let you know if the rates go down by letter, email or by secure message through our myaccounts online system.
What would the estimated balance be after 12 months?
| Account balance: | Estimated balance: |
|---|---|
| £50+ | £1,034.00 (based upon a deposit of £1000) |
- This estimation is for illustrative purposes only and does not reflect individual circumstances.
How do I open and manage my account?
- A child is eligible for a Junior Cash 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.
- This account can be opened and operated in branch or via post.
- Account holder must be resident in England or Wales.
- The minimum opening and operating balance is £50.
- 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.
- The maximum balance is £1,500,000.
- JISA rules apply, please see below.
Can I withdraw money?
- 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
- ISA flexibility – No. Government rules do not allow JISAs to be flexible because money cannot be withdrawn until the child turns 18.
- Child Trust Fund – No. Transfers from existing Child Trust Funds, held with another provider, are not acceptable into this account.
- Tax status – Tax free (interest is exempt from income tax).
- 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 yea
Transfers in:
- We accept full transfer in of current and previous years subscriptions.
- We also accept partial transfers in of previous years subscriptions.
- We do not accept partial transfers in of current years subscriptions.
Transfers out:
- We accept full transfer out of current and previous years subscriptions.
- Partial transfer out of current or previous years' subscriptions is not accepted
- We do not accept partial transfers out of current years subscriptions.
WE HAVE NO CURRENT PLANS TO WITHDRAW THIS PRODUCT BUT IT MAY BE WITHDRAWN WITHOUT NOTICE.
Other important information
Learn more about applying, withdrawals, online services and charges associated with this product.
- We will require identification for all parties on a savings account, please see our ID for Customers leaflet 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.
JISA rules
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.
Individual Savings Accounts (JISA) are a type of ISA available to eligible children. They allow you to invest up to a set allowance each tax year (6 April to 5 April) on which you will pay no tax on any interest you earn. 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.
- You must be under 18 years of age to invest in a JISA.
- A JISA may only be held by an investor in his or her sole name. Joint accounts are not allowed.
- A child can only have one JISA. 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..
- The start date for your JISA is the date of the first deposit.
- 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.
- 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 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.
- All correspondence will be sent to the registered contact.
- 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 ISA and ends at close of business on the 30th calendar day. To cancel the JISA 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.
- 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.
- In the event of death of the child, the JISA must cease on the date of death. Interest will be paid gross up to the date of closure. 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.
15. 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.