Fixed Rate Bonds

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.

1. The Account is a fixed rate account.
2. The Account can be operated in branch, by post or online.
3. The minimum investment in the Account is £500 the maximum is £250,000.
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 The Account is a limited issue and may be withdrawn at any time. We will not inform you when the Account becomes a closed issue. The Account is therefore not suitable for regular investments.
6. On maturity the Account will automatically transfer to the Newcastle's designated Maturity Account. We will write to you at least 21 days prior to maturity to advise you of the Terms and Conditions of your new Account. Whilst we cannot guarantee what the rate on the Maturity Account will be at this time, we can confirm that the access terms will be no more onerous and the term will be no more than three months longer than this Account.
7. Following the day of maturity you have 28 days in which to withdraw funds penalty free, thereafter the maturity Account Terms & Conditions will apply. 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.
8. Withdrawals/transfers can be made of up to 25% of the capital investment penalty free and without notice prior to maturity. Withdrawals in excess of 25% of the capital investment are not permitted until maturity.
9. Interest is calculated daily and is paid on maturity (24th April 2014) or monthly.
10. 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.
11. If any monthly interest payable is less than £1, it will not be paid away to a third party bank or building society. The amount due will be accrued on the account and will be paid once the cumulative interest earned is greater than £1, on the last business day of the following month.
12. Interest can be paid to your Account, to another account with the Newcastle or to a third party bank or building society account.
13. Should the balance held in the Account fall below the Minimum Balance stated above, interest will be paid a rate of 0.10% Gross*/AER**
14. Details are correct as at 13 March 2013.

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.

1. The Account is a fixed rate account.
2. The Account can be operated in branch, by post or online.
3. The minimum investment in the Account is £500 the maximum is £250,000.
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. We will not inform you when the Account becomes a closed issue. The Account is therefore not suitable for regular investments.
6. Withdrawals / transfers can be made subject to 120 days notice
7. On maturity the Account will automatically transfer to the Newcastle’s designated Maturity Account. We will write to you at least 21 days prior to maturity to advise you of the Terms and Conditions of your new Account. Whilst we cannot guarantee what the rate on the Maturity Account will be at this time, we can confirm that the access terms will be no more onerous and the term will be no more than three months longer than this Account.
8. Following the day of maturity you have 28 days in which to withdraw funds penalty free, thereafter the maturity Account Terms & Conditions will apply. 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
9. Interest is calculated daily and is paid on 24 April 2014 and on maturity (24 April 2015) or monthly
10. 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.
11. If any monthly interest payable is less than £1, it will not be paid away to a third party bank or building society. The amount due will be accrued on the account and will be paid once the cumulative interest earned is greater than £1, on the last business day of the following month.
12. Interest can be paid to your Account, to another account with the Newcastle or to a third party bank or building society account.
13. Should the balance held in the Account fall below the Minimum Balance stated above, interest will be paid at 0.10% Gross*/AER**
14. Details are correct as at 11 March 2013.