Easy Access Accounts

The Newcastle's General Investment Terms & Conditions will apply unless they are inconsistent with these Special Conditions, effective from the date of the account opening.

1. The Account is a variable rate account.
2. The Account is operated online.
3. The minimum balance for the account is £500 the maximum is £1,000,000.
4. The Account can be held in single or joint names.
5. After placing your Investment in the account you may make further deposits while the Account is a current issue. The Account is a limited issue and may be withdrawn at any time.
6. Withdrawals can be made penalty free without notice.
7. Interest is calculated daily and is paid annually or monthly.
8. Should the final day of a calendar month be a business day then any monthly interest paid to a third party will be paid on that day. Otherwise it will be paid on the following business day.
9. Interest can be paid to your Account, to another account with the Newcastle or to a third party bank or building society account.
10. Should the balance held in the account fall below the minimum balance stated above, interest will be paid at a rate of 0.10%.
11. If any monthly interest payment due is less then £1 it will not be paid away to a third party bank or building society account. The amount due will be added to the account.
12. Details are correct as at 21/01/2011.

The Newcastle's General Investment Terms & Conditions will apply unless they are inconsistent with these Special Conditions, effective from the date of the account opening.

1. The Account is a variable rate account.
2. The Account can be operated in branch or by post.
3. The minimum investment in the Account is £1 the maximum is £1,000,000.
4. The Account can be held in single or joint names.
5. After placing your Investment in the Account you may make further deposits while the Account is a current issue.
6. Penalty free withdrawals are limited to a maximum of four withdrawals per Year. Each 'Year' means twelve months commencing 1 August and ending 31 July.
7. If a 5^th withdrawal is made during the Year (as defined in point 6), the interest rate will be paid at 0.35% Gross/AER* variable for Annual interest and 0.10% Gross*/AER** variable for monthly interest, and will be paid from this withdrawal date until the beginning of the next Year (commencing 1 August).
8. Interest is calculated daily and is paid on 1 August each year, commencing 2012 or monthly.
9. Should the final day of a calendar month be a business day then any monthly interest paid to a third party will be paid on that day. Otherwise it will be paid on the following business day.
10. Interest can be paid to your account, to another account with the Newcastle or to a third party bank or building society account.
11. You will access your account in the same manner as you opened the account. For example if your Account is a passbook Account your Account will be operated by passbook.
12. Details are correct as at 13/07/2011.