Summary box
Our savings accounts are available to those living in England or Wales. You should read this product information alongside our Savings Terms and Conditions and ID for Customers leaflets.
90 Day Cash ISA
-
Interest rate:
3.30% - 3.50% Tax free/AER variable
-
Manage your money:
In branch, online & by post
-
Accessing your money:
90 days notice
What is the interest rate?
| Account balance: | Interest rate (Gross/AER variable): |
|---|---|
| £20,000+ | 3.30% |
| £30,000+ | 3.40% |
| £40,000+ | 3.50% |
- Rate of interest payable depends on individual circumstances and may change in the future.
- If the balance falls below the £20,000 minimum, a variable rate of 1.50% gross/AER will be paid.
- Interest is variable and calculated daily and paid annually on 31 October (or upon closure) into the account, to another Newbury Building Society account or to your bank account.
Can Newbury change the interest rate?
- Interest rate is variable so can be changed as explained in our Savings Terms and Conditions.
- We will let you know if the rates go down by letter, email or by secure message through our myaccounts online system.
What would the estimated balance be after 12 months?
| Account Balance: | Estimated balance: |
|---|---|
| £20,000+ | £20,660.00 (based upon a deposit of £20000) |
| £30,000+ | £31,020.00 (based upon a deposit of £30000) |
| £40,000+ | £41,400.00 (based upon a deposit of £40000) |
- These estimations are for illustrative purposes only and do not reflect individual circumstances.
How do I open and manage my account?
- Available to those aged 18 and over.
- This account can be opened and operated in branch, by post or online.
- Account cannot be closed or transferred online.
- Account holder must be resident in England or Wales.
- The minimum opening and operating balance is £20,000.
- The maximum balance is £1,500,000.
- Once the account is open it must be approved within 14 days. If the account is not approved within 14 days, we will close the account. The account is approved when we have received the application and the identification requirements have been satisfied.
- Once the account is approved, the account can receive deposits up to the account limit within five business days. If no deposits have been received within five business days, we will close the account.
- ISA rules apply, please see below.
Can I withdraw money?
90 days notice is required for all withdrawals, once notice has been given withdrawals can be made:
- Up to £500 cash per day in branch.
- By cheque against cleared funds in branch or by post.
- By electronic payment in branch to your nominated account (up to £50,000).
- Via the myaccounts online service to your nominated account (up to £50,000).
- By CHAPS for electronic payments to your nominated account (over £50,000).
Additional information
- ISA flexibility - This ISA is flexible so you will be able to withdraw and replace money from your current and/or previous years' subscription without it affecting your annual ISA allowance. Replacement money has to be paid into our ISA before close of business on 5 April (the end of the tax year) following the withdrawal or it will count towards your annual ISA allowance.
- Tax status – Tax free (interest is exempt from income tax).
- Tax free is the contractual rate of interest payable where interest is exempt from income tax.
- AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Transfers in:
- We accept full transfer in of current and previous years subscriptions.
- We also accept partial transfers in of previous years subscriptions.
- We do not accept partial transfers in of current years subscriptions.
Transfers out:
- We accept full transfer out of current and previous years subscriptions.
- We also accept partial transfers out of previous years subscriptions.
- We do not accept partial transfers out of current years subscriptions.
WE HAVE NO CURRENT PLANS TO WITHDRAW THIS PRODUCT BUT IT MAY BE WITHDRAWN WITHOUT NOTICE.
Other important information
Learn more about applying, withdrawals, online services and charges associated with this product.
- We will need to verify your identity, and our ID for Customers leaflet explains this in more detail.
- You can register with myaccounts, our online service, to view your accounts online, use secure messaging and request online withdrawals to our nominated account. Online withdrawal requests for sums up to £10,000 made between 9am and 5pm on business days (Monday to Friday excluding Bank Holidays), will be processed on the same day. Requests for sums over £10,000 and up to the maximum £50,000 made between 9am and 3pm on business days, will be processed the same day. Requests after 3pm will be processed on the next business day.
- Online withdrawal access is not available to accounts with a nominee or executor. These types of accounts can be opened and operated in branch.
- For more information regarding our online service, electronic payment and CHAPS service see our Savings Terms and Conditions.
- There are no charges for the normal operation of this account. See our Savings Terms and Conditions for more information.
ISA rules
Annual ISA allowance
For the tax year 6 April 2025 - 5 April 2026, your allowance is £20,000
You can choose how to split your annual allowance as you wish. For example, all cash, or all stocks and shares, or split between the two.
Individual Savings Accounts (ISAs) were introduced in 1999 to replace old-style tax free savings. They allow you to invest up to a set allowance each tax year (6 April to 5 April) on which you will pay no tax on any interest you earn. The current allowance is shown below.
You must be at least 18 years of age to invest in an ISA.
An ISA may only be held by an investor in his or her sole name. Joint accounts are not allowed.
The start date for your ISA is the date of the first deposit.
You can save in one Cash ISA per tax year (6 April to 5 April) with Newbury Building Society up to the total annual ISA allowance. The remainder of the annual ISA allowance can be invested in a single or multiple Cash ISAs or a Stocks & Shares ISAs with another provider subject to the providers ISA Terms & Conditions.
You must be resident in the United Kingdom for tax purposes or, if not so resident, either perform duties which, by virtue of Section 28 of Income Tax (Earnings & Pensions) Act 2003 (Crown employees serving overseas), are treated as being performed in the United Kingdom, or you must be married to, or in a civil partnership with, a person who performs such duties. You must inform Newbury Building Society if you cease to be so resident or to perform such duties or be married to, or in a civil partnership with, a person who performs such duties.
Your yearly allowance does not roll over, so if you do not use it, it will not be added to the next year’s allowance.
For a period of 30 days after opening your ISA, you may instruct us that you have changed your mind and we will return your deposit to you, subject to cheque clearance, with any accrued interest (tax will not be deducted). Alternatively, we can help you switch to another savings account with us (conditions allowing). The 30 day cancellation period starts on the day you open your Cash ISA and ends at close of business on the 30th calendar day. To cancel your ISA agreement with us, you can either visit or write to your local branch, enclosing your passbook.
On the instructions of the investor an ISA with all rights and obligations shall be transferred to another ISA manager within five working days.
An ISA may not be transferred from one investor to another. However, in the event of death, the ISA subscription allowance (known as an ‘Additional Permitted Allowance’ APS) can be passed to a surviving spouse or civil partner.
The ISA must cease on the date of death of the investor. Interest will be paid gross up to the date of closure. Up to a maximum of 3 years after the date of death. Interest arising after the date of death will be subject to deduction of income tax at the appropriate rate and should be declared to HMRC as part of the deceased tax liabilities.
ISA Regulation 4(6)(e): The ISA manager will satisfy himself that any person to whom he delegates any of his functions or responsibilities under the terms agreed with the investor is competent to carry out those functions and responsibilities.
ISA Regulation 4(6)(g): The ISA manager will notify the investor if, by reason of any failure to satisfy the provisions of the ISA regulations, an ISA has, or will, become void.
ISA Regulation 4(6)(a): The ISA investments will be, and must remain in, the beneficial ownership of the investor and must not be used as security for a loan.
ISA Regulation 4(6)(f): On the instruction of the investor and within the time stipulated by the investor, all investments, or part of the investments, shall be transferred to another ISA manager in accordance with ISA Regulations relating to transfers.
ISA Regulation 4(6)(fa): On the instruction of the investor and within the time stipulated by the investor, all investments, or part of investments, shall be transferred or paid to the investor.