Newbury Building Society Children's Savings Accounts The Newbury Building Society children's savings account, the Young Saver, can be opened and operated by a parent or grandparent on behalf of a child aged 0-15 years, or by the child if they are aged between 10-15 years. Other features and benefits of a Newbury Building Society children's savings account include:
Invest from £1
Instant access with no notice required
Welcome gift
Minimum cheque withdrawal of £5
Maximum investment of £1,000,000
Interest paid annually
Interest can be paid into the account or another Newbury account Newbury Building Society children's savings accounts can help encourage your child to start saving from an early age. Children aged between 10 and 15 can open a Newbury Building Society children's savings account themselves and then when they reach 16, they will be sent a letter which will inform them that they need to reinvest their money in another account and suggest alternatives.
Provider Account Name Rate Minimum Age Maximum Age
Newbury Building Society Young Saver
5.10%
0
15
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