Newcastle Building Society

Nova ISA

Piggy bank

1.25% Gross*/AER**

Make the most of your tax free allowance with a Nova Cash ISA

If you want to give your savings a boost, the Nova Cash ISA is a great way to do it. It's a high interest account with a savings rate that's guaranteed to be not more than 1% below the Bank of England base rate. And because it's a cash ISA you won't pay any tax, so you could sit back and watch your savings grow.

Instant access to your savings

The great thing about our Nova Cash ISA is that you can always get your money when you need it. It's an instant access ISA savings account, so when you want to make a withdrawal, just pop into your local branch with your passbook.

Tax free savings

An ISA savings account is essential if you want to take advantage of your tax free savings allowance. Each year, you can invest up to £3,600 in cash ISAs and because you don't have to pay any tax, you can usually get the best savings interest rates from these accounts. But 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once you've reached your tax free savings limit, you cannot put any more money into your account - even if you've withdrawn funds during the year.

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 606 5522.

This cash ISA does not satisfy the minimum standards for a deposit-based stakeholder account.

Features

Key Features

The facility to make regular monthly contributions up to a maximum of £3,600 each tax year.
No Notice for withdrawals
An attractive interest rate guaranteed not to be less than 1% below the Bank of England base rate.
Meets with the Government's set of voluntary benchmark standards called 'Stakeholder' standards.
Interest paid annually on 5^th April and is credited to your account.
Minimum £1 investment

Summary Box - Key Product Information for our Savings Account
	Additional Important Information
Account Name	Nova ISA
Interest Rates	Annual (Variable)
	1.25% Gross*
	1.25% AER**
Tax Status	Interest will be paid Gross*.
Conditions for bonus payment	No bonus is applicable.
Withdrawal arrangements	Penalty free without notice.
Access	In branch, post or online.
Interest Payment	Annual
Minimum Balance	£1
Maximum Balance	£3,600 allowance for tax year, transfers from other ISA providers also permitted.

* 'Gross' interest is the contractual rate of interest payable before the deduction of income tax.
** 'AER' stands for the Annual Equivalent Rate, a notional rate which illustrates what the interest rate would be if paid and compounded on an annual basis.

How to transfer ISAs in

You can also take advantage of previous years' ISA subscriptions by transferring your ISA(s) from other ISA providers to the Nova ISA. Transferring your ISA from your existing provider to us is easy, all you need to do is provide us with the following information:

Signed confirmation that you wish to transfer your ISA from your existing provider(s)
The name and address of your current ISA provider(s)
Your ISA number

When making an ISA transfer please complete a Customer Acceptance Transfer Form as well as a Customer Acceptance Form. This will give us the information we require and should also be used when transferring subscriptions from previous years and investing funds in the current tax year. You must transfer all of the money you put into your ISA in previous years. We will not accept partial ISA transfers.

Once we have received your request we will write to your existing provider(s) to request your funds. Should your existing provider(s) have any queries, or should you incur any charges for transferring, you will need to contact them directly to resolve these issues.

Your ISA will then be transferred to Newcastle Building Society. Your ISA MUST be transferred directly between your existing provider and the Newcastle. You cannot close your existing ISA yourself and then open an account with funds from previous tax years.

Which form should I use?

Customer Acceptance Form (PDF): You must complete this form for all ISA applications.

Customer Acceptance ISA Transfer Form (PDF): You must complete this form in addition to the Customer Acceptance Form when transferring any ISA subscriptions.

How do I apply?

Step 1:: Carefully read the terms and conditions
Step 2:: Decide how much you would like to invest
Step 3:: Return your completed customer acceptance form to your local branch

Important documents to complete:

Alternatively, if you would prefer we can call you back. Our Call Centre is open 8am - 8pm Monday to Friday, 9am - 5pm on Saturday and closed on Sunday.

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