Our Savings Promise
Keeping customers informed
We inform all of our customers of any interest rate changes, via national and regional newspapers (typically Daily Express, The Times, and The Journal). In addition we will produce branch posters and publish the current rates on our website.
Customers can request a copy of 'our current rates' leaflet (DEV005) brochure at any time.
We also write to our investors who do not possess a passbook/passcard or internet account annually and provide them with a full statement of account(s).
We will contact a customer prior to them reaching the end of a fixed investment term to confirm the new rates and to discuss alternative investments.
We also operate a Priority Register Service, so that customers can learn about new products and services before the general public. From time-to-time we also launch best buy products, which we also promote via our Priority Register Service.
We provide information on our full range of products and services
We publish literature on all products and services and these are reviewed and kept up to date on a regular basis.
We do have obsolete accounts in existence but we are committed to reducing the volume of such accounts over time, to make our portfolio easier to understand.
Interest is calculated on a daily basis across all accounts. If interest rates do change, then we will inform customers of the change(s). Please refer to 'Keeping customers informed' section above.
Right to cancel
Whenever customers make a deposit by cheque we will pay interest after 2nd working day following receipt. Right to cancel If a customer changes their mind within 14 days of the initial investment, they can change to either another current issue Newcastle Building Society account or we will give them a full refund with interest.
For more information; please view our Customer Charter