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Family Saver Plus

Up to 0.75% Gross/AER*

Save for the family with a special notice account

Saving can be tricky once you start a family, which is why we've created a special notice account, just for families. The Family Saver account offers an attractive interest rate with a short notice period, so you can grow your savings and still have access to your money.

A high interest account with a 14 days notice period

Here at the Newcastle, we understand that sometimes you have to dip into your savings, but this shouldn't mean you can't have an attractive interest rate. So the family notice account that has a short 14 day notice period and also allows you to withdraw money without notice with a 14 day loss of savings interest.

A notice account for the whole family

Our family notice account is available as a joint account. So if you want to add your husband, wife or partner, you're more than welcome. This way you can both put money into your account and earn even more savings interest.

Choose between monthly interest and annual interest

You'll have the option of monthly interest or annual interest. If you opt for monthly interest your rate will be reduced by 0.25% but because the interest is deposited into your account every month, you'll actually earn interest on your interest.

Is this account right for you?

If you're still wondering which savings account is right for you, our friendly advisers will be happy to help. Simply pop into your local branch or call 0845 600 4368.

Our Family Saver Plus account gives you a great variable rate and a handy bonus for the first 6 months, so your cash will grow nicely while you're keeping everyone happy on the home front.

Product Terms

PDF Logo General Terms and Conditions


Summary Box - Key Product Information for our Savings Account
Account Name Newcastle Family Saver
Interest Rates Annual (Variable, Including Bonus) Monthly (Variable, Including Bonus)
  0.75% Gross/AER* 0.50% Gross/AER*
Interest Rates Annual (Variable, Excluding Bonus) Monthly (Variable, Excluding Bonus)
  0.50% Gross/AER* 0.25% Gross/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 Bonus payment is unconditional.
Withdrawal arrangements Withdrawals are allowed subject to 14 days notice or loss of interest.
Access By branch or online.
  Additional Important Information
Interest Payment Annually Monthly
  On account Anniversary Last day of each month
Minimum Balance £100 £1,000
Maximum Balance £1,000,000 £1,000,000

Product Terms and Conditions

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 online.
  3. The minimum investment in the Account is £100 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. Interest is calculated daily and paid on the account anniversary or monthly.
  7. Interest earned on the Account can be either credited to the account or paid directly to your nominated bank or building society account.
  8. Monthly interest will be paid on the last day of each month. Any final monthly interest due on maturity will be credited to the account. Monthly interest is only available on balances over £1,000.
  9. The bonus on the Account is variable, calculated daily and added to any interest payment received.
  10. Withdrawals are available subject to 14 days notice or loss of interest.
  11. Details correct at 06/03/2009

How it works

PDF Logo General Terms and Conditions


What is the Family Saver Plus account?

The Family Saver Plus Account can either be operated by passbook or online and is designed for anyone looking for attractive interest rates, but does not need immediate penalty free access to their funds. It is always best to discuss your investment options with a professional. We can arrange an appointment with a Personal Financial Manager from our subsidiary company, Newcastle Financial Services Limited (NFSL). If you'd like to arrange a no obligation appointment, call us on 0845 600 5159. Your Account can be cancelled within 14 calendar days of opening without penalty.

What about interest?

The interest rate payable on this account is variable and outlined in the Product Terms. Interest on the Basic Savings Account version of the Family Saver Plus can be paid annually or monthly and can be paid in the following way:

  • Credited to the Account
  • Credited to third party bank or building society Account

What if I need access to my money?

You can withdraw your money by giving 14 days notice or subject to 14 days loss of interest, by visiting your local branch with your passbook. You may be asked to show proof of identity when doing this.

Apply

PDF Logo General Terms and Conditions


How do I apply?

Step 1:
Carefully read the Product Terms and General Terms and Conditions.
Step 2
Decide how much you would like to invest.
Step 3
Complete this document and send this/hand in to us.

Send your completed application form into us at the following address:

Newcastle Building Society
FREEPOST NT330
Portland House
New Bridge Street
Newcastle-upon-Tyne
NE1 1BR

* 'Gross' interest is the contractual rate of interest payable before the deduction of income tax. 'AER' means "Annual Equivalent Rate" and is a notional rate which illustrates the contractual interest rate (excluding any bonus payable) as if paid and compounded on an annual basis.