Newcastle Building Society children's savings accounts are available to children under the age of 16 who are looking to start their own savings pot, or for a parent or guardian who wants to teach their child the merits of saving. See your savings grow with a standing order or passbook at your local branch, which you can use to make regular monthly deposits. Customers of the Newcastle Building Society children's savings account, called the Children's Regular Savers Account, comes with a number of benefits, such as:
- Minimum balance of just £1
- Save as little as £10 a month
- Set up a standing order and receive a bonus rate of interest
- Flexibility to miss one monthly payment
- Interest is paid annually
Newcastle Building Society children's savings accounts allow up to 6 withdrawals a year without affecting the bonus. Children's savings accounts, like all accounts, vary a great deal in interest rates and conditions, depending on the provider.