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Newcastle Easy Saver ISA (Issue 5)
Introducing an easy access savings account that pays a donation of £1 for each new account opened to the Newcastle Building Society Fund at the Community Foundation.
Rate
- Open with: £1
- Take money out: anytime
- Tax-free savings
- Apply online or in branch
Summary information
Account Name
Newcastle Easy Saver ISA (Issue 5)
What is the interest rate?
Monthly interest
2.96% tax-free pa/3.00% AER (variable)
Interest is paid on: Monthly anniversary of account opening.
Annual interest
3.00% tax-free pa/AER (variable)
Interest is paid on: Annual anniversary of account opening.
Can Newcastle Building Society change the interest rate?
We can change the rate of interest payable on this account. The account is a variable rate account which means that the rate of interest paid may change throughout the lifetime of the account. Please refer to section 3 of the Savings General Terms & Conditions which sets out the reasons for which Newcastle Building Society may change the interest and the procedure for doing so.
What would the estimated balance be after 12 months of account opening based on a £1,000 deposit?
Monthly (variable): £1,030
Annual (variable): £1,030
Please note: This projection is provided for illustrative purposes only and does not take into account the customer's individual circumstances. This projection is based on an initial £1,000 deposit and no further deposits or withdrawals are made.
How do I open and manage my account?
Opening your account:
In branch or online. For existing online customers you can log into your Newcastle Building Society account online.
Giving us instructions for your account:
In branch, by post, by telephone, or by secure message (for accounts opened and operated online).
Minimum opening deposit: £1
Maximum opening deposit: Allowance for current tax year. Transfers from other ISA providers are also permitted.
Maximum account balance: No maximum balance.
Can I withdraw money?
Withdrawals/transfers can be made penalty free without notice.
Additional Information
Tax status: ISA interest is paid tax-free, which means it’s exempt from income tax. Tax rules may change in the future.
Charitable donation: A donation of £1 will be made to the Community Foundation, to be held as part of the Newcastle Building Society Community Fund for each Newcastle Easy Saver opened. The donation will be paid providing at least £100 has been deposited in the account and the balance has remained at £100 or above for 6 months following the account opening date. Only 1 donation will be made per customer for example, if 2 accounts are opened only £1 will be donated. The payment to the Community Foundation will be made annually for new accounts opened in the last 12 months.
Ways to apply
In branch
Visit your local branch. If you’d like to open an account in-branch, you may need to arrange an appointment. Before visiting, please call ahead.