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  5. Newcastle Building Society Easy Saver Account (Issue 2)

Newcastle Building Society Easy Saver Account (Issue 2)

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.

0.25% GROSS/AER*

Summary Information

Summary box
Account Name Newcastle Building Society Easy Saver Account (Issue 2)
What is the interest rate?

Annual Gross*/AER**

0.25%/0.25% (Variable)

Interest is paid on: Annual anniversary of account opening.

Monthly Gross*/AER**

0.25%/0.25% (Variable)

Interest is paid on: Monthly 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 point 6 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? Annual (Variable)
£1,002		 Monthly (Variable)
£1,002
Please note: This projection is provided for illustrative purposes only and does not take into account 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 customers you can also log in to your Newcastle Building Society account online.
Giving us instructions for your account
In branch, by post, by telephone, by secure message (for accounts opened and operated online).

Minimum Opening Deposit: £1

Maximum Opening Deposit: £250,000

Maximum  Account Balance: £250,000 (plus any resulting interest)
Can I withdraw money?

Withdrawals/transfers can be made penalty free without notice.

 
Additional information

Tax Status

Interest will be paid gross* which means no tax is deducted. It is your responsibility to pay any tax due, based on your individual circumstances

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 Community Foundation will be made annually for new accounts opened in the last 12 months.

Terms and Conditions

Please make sure you've read the terms and conditions before applying

Ways to Apply

Online

It only takes a few minutes to complete your application online

Apply Online

Branch

Visit your local branch with proof of identity and residence and we'll open the account for you.

It takes about 10 mins