Young Regular Saver (Ages 11-15 years)

If you’ve got money sitting in a piggy bank – don’t keep it bottled up. If you put it in a Regular Saver account, it could be earning you money every month and before you know it, you’ll be quids in. While school and exams can be hard, saving doesn’t have to be. By popping some money into your regular saver little and often, you could have a tidy sum of money that you can spend on whatever you want.

Including Bonus 2.25% GROSS/AER*
Excluding Bonus 0.85% GROSS/AER*

Summary Information

Summary box
Account Name Newcastle Regular Saver Ages 11-15
What is the interest rate?

Interest rate without bonus

Interest rate with bonus (includes a bonus of 1.40% Gross*/AER**)

Monthly 0.85% Gross*/0.85% AER** (Variable)

Monthly 2.25%/ Gross*/ 2.27% AER** (Variable)

Interest is paid on

The interest and bonus interest are calculated daily and will be paid into your account monthly on the 1st of each month.

Conditions for the bonus interest rate: You must make at least one Deposit in each Calendar Month. Withdrawals are permitted, however the bonus interest will be paid subject to a positive ‘Net’ amount saved at the end of the Calendar Month.  You can make a withdrawal and still gain your bonus as long as you pay in more than you take out before the end of the month.

 If you do not make an investment or if your ‘Net’ investment at the end of the Calendar Month is £0, your account will be credited with the non-bonus interest rate in that Calendar Month.

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 point 6 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? Monthly (Variable) - Including Bonus


This projection is based on an initial £200 deposit and 11 further monthly deposits of £200 and no withdrawals are made.

Monthly (Variable) – Excluding Bonus


This projection is based on an initial £200 deposit and no further monthly deposits 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: £200

Minimum Regular Monthly Deposit for the bonus interest rate: £1
Maximum Regular Monthly Deposit for the bonus interest rate: £200

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 limits
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

Terms and Conditions

Please make sure you've read the terms and conditions before applying

Ways to Apply


Visit your local branch with proof of identity and residence and we'll open the account for you.

Apply in Branch