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Savings Glossary

Savings Glossary

Welcome to our Savings Glossary. Here you will find definitions for more commonly used savings terms, making the jargon clearer. If you're unsure of any words or phrases, simply use the guide below.

ISA (Individual Savings Account)

ISAs are a convenient way of saving without having to pay tax on the interest you earn, particularly if your savings interest exceeds the Personal Savings Allowance. Our range of Cash ISA’s are available to both new and existing members aged 16 and over. We also have a Junior ISA (JISA) available to children aged 17 and under.

ISA Allowance

The amount you are able to save in an ISA during the tax year. For the tax year 6 April 2016 - 5 April 2017, your allowance is £15,240. You can choose to split your £15,240 annual allowance as you wish. For example, all cash or all stocks and shares, or a split between the two.

Interest Rate

This is the percentage rate which is used to calculate the amount paid to a saver and is based on their account balance.

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Newbury Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number 206077). Registered office: Newbury Building Society, 17 Bartholomew Street, Newbury, Berkshire, RG14 5LY.

English law applies and we will communicate with you in English. We are participants of the Financial Ombudsman Service. We have a complaints procedure which we will provide on request. Most complaints that we cannot resolve can be referred to the Financial Ombudsman Service.

You can check the Financial Services register on the FCA's website.

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