Member Exclusives
At the Newcastle we feel it’s important to recognise the support our members provide us. As a thank you for the continued loyalty we receive, we aim to
reward our existing customers by offering member exclusive products with enhanced product rates or features.
Below you will find information on our current offers and services which are exclusively available to existing members.
up to 3.60%
GROSS/AER*
- Member exclusive fixed rate of interest until January 2017
- Available to existing customers who have held a savings or mortgage account with the Society since the 1st May 2011
- Withdrawals are permitted of up to 25% of your capital investment, without penalty or notice before maturity
Important Information:
This fixed rate bond lets you to choose how you'd like your savings interest to be paid. You can opt for monthly interest or to have it paid annually. Withdrawals or transfers can be made of up to 25% of the capital investment penalty free and without notice prior to maturity.
Summary Box - Key Product Information for our Savings Account
| Account Name |
Newcastle Member Bond (Issue 3) |
| Interest Rates |
- Paid Annually (Fixed)
- 3.60% Gross/ AER*
- Paid Monthly (Fixed)
- 3.35% Gross/3.40% AER*
|
| Tax Status |
Interest will be paid after the deduction of income tax at the appropriate rate unless you request otherwise. |
| Conditions for bonus payment |
No bonus is applicable. |
| Withdrawal arrangements |
Withdrawals/transfers can be made of up to 25% of the capital investment penalty free and without notice prior to maturity (20 January 2017). Withdrawals in excess of 25% of the capital investment are not permitted until maturity. |
| Access |
By branch or post. |
| |
Additional Information |
| Maturity Date |
20 January 2017 |
| Interest Payment |
- Annually
- 20th January 2012, 2013, 2014, 2015, 2016 and on maturity (20 January 2017)
- Monthly
- Last Day of each month
|
| Minimum Balance |
£500 |
| Maximum Balance |
£1,000,000 |
The Newcastle's Savings General Terms & Conditions will apply unless they are inconsistent with these Special Conditions, effective from the date of the account opening.
- The Account is a fixed rate account.
- The Account can be operated by branch or post.
- The minimum investment in the Account is £500 and the maximum is £1,000,000.
- The Account can be held in single or joint names.
- 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.
- Withdrawals/transfers can be made of up to 25% of the capital investment penalty free and without notice prior to maturity (20 January 2017). Withdrawals in excess of 25% of the capital investment are not permitted until maturity.
- On maturity the Account will automatically transfer to the Newcastle’s designated maturity Account. We will write to you prior to maturity to advise you of any amendments to the Terms and Conditions of your Account. These amendments may include the access terms, withdrawal arrangements and the duration of the Account. Following the day of maturity you have 28 days in which to withdraw funds penalty free, thereafter the Maturity Account Terms & Conditions will apply.
- Interest is calculated daily and is paid annually commencing 20th January 2012 or monthly.
- 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. Any final monthly interest due on maturity will be credited to the Account.
- Interest can be paid to your Account, to another account with the Newcastle or to a third party bank or building society account.
- Should the balance held in the Account fall below the minimum balance stated above, interest will be paid at a rate of 0.10% Gross*/AER**.
- This product is exclusively available for existing customers who have held a savings or mortgage account with the Society since the 1st May 2011.
- Details are correct as at 25/11/2011.