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.
Important Information:
Remember, once you've reached your tax free savings limit, you cannot put any more money into your account - even if you've withdrawn funds during the year.
Summary Box - Key Product Information for our Savings Account
| Account Name |
Newcastle Member ISA (Issue 4) |
| Interest Rates |
- Paid Annually (Fixed)
- 2.80% Gross/ AER*
- Paid Monthly (Fixed)
- 2.55% Gross/2.58% AER*
|
| Tax Status |
Interest will be paid Gross*. |
| Withdrawal arrangements |
Withdrawals are permitted subject to 30 days loss of interest. |
| Access |
By branch or post. |
| |
Additional Information |
| Maturity Date |
16 April 2013. |
| Interest Payment |
- Annually
- On Maturity 16 April 2013.
|
| Minimum Balance |
£500 |
| Maximum Balance |
Allowance for current tax year.
Transfers from other ISA providers are also permitted. |
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 in branch or by post.
- The minimum investment in the account is £500. The maximum investment is your allowance for the current tax year. Transfers of previous and current years ISA subscriptions from other ISA providers are also permitted.
- The Account can be held in a single name only.
- After placing your Investment in the Account you may make further deposits while the Account is a current issue, ISA limits apply. The Account is a limited issue and may be withdrawn at any time. The Account is therefore not suitable for regular investments.
- Withdrawals can be made subject to 30 days loss of interest. If sufficient interest has not been earned then the penalty will be taken from your capital. For the avoidance of doubt closure of the Account or transfers to another account with the Society or to another provider are classed as withdrawals
- 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 on maturity (16th April 2013) 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 31st December 2011.
- Details are correct as at 21st March 2012.