Back to easy access savings
Application Form 
Monthly Saver
Up to 2.10% Gross/AER*
Get rewarded for saving with a regular savings account
A regular savings account is a great way to grow your savings, so why not try our Monthly Saver account? You'll get a competitive savings interest rate, plus an impressive bonus if you save regularly. So as long as you put a little into your regular savings account every month, your savings will really grow.
Monthly saving means annual bonuses
Simply make 11 monthly payments of between £10 and £1,000 into this regular savings account and you'll get an extra 2% on your savings at the end of the year. It's our way of rewarding you for saving all year.
Instant access to your savings
It's an instant access savings account, so you can make withdrawals whenever you want. You're allowed to make one withdrawal each year without penalty. If you make more withdrawals than permitted, you'll lose your monthly saving bonus.
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.
Product Terms
General Terms and Conditions
Summary Box - Key Product Information for our Savings Account
| Account Name |
Newcastle Monthly Saver |
| Interest Rates |
Annual (Variable, Including Bonus) |
Annual (Variable, Excluding Bonus) |
| |
2.10% Gross/AER* |
0.10% 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 |
You must make 11 out of 12 regular monthly payments and no more than 1 withdrawal during the year. |
| Withdrawal arrangements |
Penalty free without notice, only one withdrawal per year permitted. |
| Access |
By branch or by post. |
| |
Additional Important Information |
| Interest Payment |
Annually, on Anniversary of account opening |
| Minimum Balance |
£10 |
| Maximum Balance |
£1,000,000 |
| Minimum Monthly Investment |
£10 |
| Maximum Monthly Investment |
£1,000 |
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.
- The Account is a variable rate account.
- The Account can be operated in branch or by post.
- The minimum investment in the Account is £10 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.
- Interest is calculated daily and credited to the Account on the account Anniversary.
- The bonus on your account is variable, calculated daily and will be paid annually on the account anniversary.
- To qualify for the bonus must make eleven out of twelve regular Monthly Payments during the year and no more than one withdrawal.
- A 'Monthly Payment' is defined as a minimum investment of £10 in a calendar month.
- There is no limit to the number of investments you can make in any one month.
- Withdrawals are available without notice.
- You can make one withdrawal per year without affecting your bonus. If you make two or more withdrawals you will receive Nova Plus rates from the date of the second withdrawal until the account anniversary.
- You can miss one monthly payment without affecting your bonus.
- 'Anniversary' means twelve months from the date of opening and each subsequent twelve month period.
How it works
General Terms and Conditions
Two ways to save
You can pay money into your account in one of two ways:
- Save on a monthly basis by standing order
By using this option you can be sure that your money will be taken from your nominated account at the same time each month so you don't need to worry about whether or not you have made your saving for the month. You will receive a Standing Order Form once your account has been opened. All you need to do is complete this form and send it to your nominated bank or building society.
- Pay money into your account at your local branch with your passbook
If you pay money into your account by standing order we recommend that you ask for any payment coming from another bank or building society to be sent by at least the 22nd each month, to ensure that standing orders are received in your Newcastle Monthly Saver account by the end of the month.
Apply
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.
