The use of cookies

By navigating through this site, you consent to us collecting information using cookies. At any time, you can set your browser to notify you when a cookie is sent or to refuse cookies altogether, but certain features of this site might not work without cookies.

To find out more about cookies see our policy on Privacy and Cookies

Mutual Respect

From your local mortgage and savings experts

Request A Call Back

Barry Bear

Savings

Barry Bear

Account name Barry Bear
What is the interest rate? Interest rate band
£1+
Interest rate
 2.50% Gross / AER variable
  • Interest is calculated daily and paid annually on 31 October into the account, to another Newbury Building Society account or to your bank account.
Can Newbury Building Society change the interest rate?
  • The rate can be changed in accordance with our Savings terms and conditions. These can be accessed in branch and online at www.newbury.co.uk.
  • You will be notified of any material downward rate change by letter or secure message.
What would the estimated balance be after 12 months based on a £1,000 deposit? Interest rate band
£1+
Estimated balance
£1,025.00
  • This estimation is for illustrative purposes only and does not reflect individual circumstances.
How do I open and manage my account?
  • Available to those aged 7 and under, at the time of opening.
  • This account must be opened and operated by an adult acting as nominee for the child.
  • This account must be opened in person, in one of our branches. It cannot be opened by post or online.
  • Once opened it can be operated in branch or by post.
  • Only one account per child.
  • Account holder must be resident within our operating area as defined in 'Important notes' below.
  • The minimum opening and operating balance is £1.
  • The maximum balance is £3,000.
Can I withdraw money? Withdrawals can be made:
  • Up to £500 cash per day in branch.
  • By cheque against cleared funds in branch or by post.
Additional information
  • Tax status - From 6 April 2016, HMRC introduced a Personal Savings Allowance for individuals and as a result interest on savings is paid gross of tax. Your tax treatment will depend on your individual circumstances and may be subject to change in the future. For further information go to www.gov.uk.

Important notes

  • We will require identification for all parties on a savings account, please see ID for customers leaflet for full details.
  • Our local operating area is: AL, BA, BH, BN, BS, DT, EX, GL, GU, HA, HP, HR, KT, LU, MK, NN, OX, PO, RG, RH, SG, SL, SM, SN, SP, SO, TA, TW, UB, WD, WR. We accept savings applications from existing members regardless of their postcode.
  • For new members, both nominee and child must be resident within the local operating area.
  • On the 10th birthday of the child, we will automatically transfer the money in the Barry Bear account to an easy access account available to children. We will write to you to confirm this and let you know of any further options available to you.
  • The child is the sole beneficiary of this account and therefore withdrawals should be made for the benefit of the child. We may ask you to confirm the reason for the withdrawal.
  • If we suspect the funds in the Barry Bear account do not belong to the child, we reserve the right to close the account and send a cheque made payable to the child.
  • Barry Bear account holders are members of the Society but do not hold voting rights until they are 18.
  • There are no charges for the normal operation of this account. See our Savings terms and conditions for more information. These can be accessed in branch and online at www.newbury.co.uk.
  • Account holders will be issued with a Member Loyalty Card enabling discounts and special offers from local traders who participate in our scheme.


Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.


AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

WE HAVE NO CURRENT PLANS TO WITHDRAW THIS PRODUCT BUT IT MAY BE WITHDRAWN WITHOUT NOTICE

XX
Print Page Print Page
Print Page PDF XX

© Newbury Building Society

Tech Help  |  Accessibility  |  Contact Us  |  Connect  |  Site Terms  |  Site Map  |  Privacy

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.

Close

Request a Call Back

Swoosh

Speak to one of our expert advisers on
01635 555777  or request a call back:

Name:
Phone:
Email:
Reason for Call Back: Savings   Mortgages   Insurance   Other
Local Branch:
Preferred Day to Call:
Preferred Time of Day:
On Saturdays we are only able to call in the morning due to branch opening times.

We will only use these details for the reasons requested.
 
Are you human? Please enter the text below into the box
captcha image
Click here to get a new image
Call Back
Close

Request a Call Back

Swoosh

Speak to one of our expert advisers on
01635 555777  or request a call back:

Name:
Phone:
Email:
Reason for Call Back: Existing Mortgage   New Mortgage  
Local Branch:
Preferred Day to Call:
Preferred Time of Day:
On Saturdays we are only able to call in the morning due to branch opening times.

We will only use these details for the reasons requested.
 
Are you human? Please enter the text below into the box
captcha image
Click here to get a new image
Call Back