Newcastle Fixed Rate Options Bond (Issue 78)

up to 2.55%
GROSS/AER*
  • Fixed rate of interest until December 2015
  • Invest between £500 and £500,000
  • Withdrawals are permitted of up to 25% of your capital investment, without penalty or notice before maturity.

Important Information: Withdrawals/transfers can be made of up to 25% of the capital investment penalty free and without notice prior to maturity (18 December 2015). Withdrawals in excess of 25% of the capital investment are not permitted until maturity.

General Savings Terms and Conditions - We strongly recommend you print and retain a copy. Savings Guide - a helpful guide to show you what you can do with your new accountNeed more assistance? Speak to an advisor on 0845 600 4368

Summary Box - Key Product Information for our Savings Account

Account Name Newcastle Fixed Rate Options Bond (Issue 78)
Interest Rates
Annual –Fixed (Gross/AER)
2.55%
Monthly-Fixed (Gross)
2.30%
Monthly-Fixed (AER)
2.32%
Tax Status Interest will be paid after the deduction of income tax at the appropriate rate unless you request otherwise.
Bonus No bonus is applicable.
Withdrawal arrangements Withdrawals/transfers can be made of up to 25% of the capital investment penalty free and without notice prior to maturity (18 December 2015). Withdrawals in excess of 25% of the capital investment are not permitted until maturity.
Access In branch, by post or online.
  Additional Important Information
Maturity Date 18 December 2015
Interest Payment (Annually) 18 December 2013, 2014 and on maturity (18 December 2015)
Interest Payment (Monthly) Last business day
Minimum Balance £500
Maximum Balance £500,000

Product Special Conditions

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 £500,000.
  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 The Account is a limited issue and may be withdrawn at any time. The Account is therefore not suitable for regular investments.
  6. Withdrawals / transfers can be made of up to 25% of the capital investment penalty free and without notice, prior to maturity (18 December 2015). Withdrawals in excess of 25% of the capital investment are not permitted until maturity.
  7. On maturity the Account will automatically transfer to the Newcastle’s designated maturity Account. We will write to you prior to maturity to advise you of any amendments to the Terms and Conditions of your Account. These amendments may include access terms, withdrawal arrangements and the duration of the Account. 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. Interest is calculated daily and is paid on 18 December 2013, 2014 and on maturity (18 December 2015) or monthly
  9. 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.
  10. If any monthly interest payable is less than £1, it will not be paid away to a third party bank or building society
  11. Interest can be paid to your Account, to another account with the Newcastle or to a third party bank or building society account.
  12. Should the balance held in the Account fall below the Minimum Balance stated above, interest will be paid at 0.10% Gross*/AER**
  13. Details are correct as at 7 November 2012.

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Saving Help & Next Steps

  • Talk to our savings advisors
    0345 734 4345(local rate charge but calls from mobiles may cost more)
  • Or pop into your local branch
    FIND YOUR BRANCH
  • Manage your savings online
    FIND OUT MORE
 
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