How much can I invest?
The minimum investment is £1 and the maximum is £3,600 this tax year plus any previous ISA subscriptions you hold with other providers.
Further investments can be made whilst the account remains a current issue. However, this product is strictly limited and may be withdrawn at anytime.
The ISA investments will be, and must remain in, the beneficial ownership of the investor and must not be used as security for a loan. Your Account can be cancelled within 14 calendar days of opening without penalty or affecting your annual ISA allowance.What about interest?
Annual interest will be credited to the Account and paid at the rates detailed in the Product Details Table.
How can I operate my Account?
You can choose how you wish to operate your Account. If you open your Account in a branch you will be issued with a passbook, this can be updated by visiting your local branch.
If you open a telephone version of this Account you will be issued with a unique User ID in order to operate your Account. You will also be asked to provide a number of memorable details in order to access your Account.
In order to operate your account online you will be provided with a unique User ID. To access your account you will need to use this together with the password you provided when opening the account.
To take advantage of your previous years ISA subscriptions you can transfer your ISA(s) from other ISA providers to the Newcastle Building Society.
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(s) from your existing provider(s).
- The name and address of your current ISA provider(s)
- Your ISA number(s)
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:
- You must complete this form for all ISA applications.
Customer Acceptance ISA Transfer Form:
- You must complete this form in addition to the Customer Acceptance Form when transferring any ISA subscriptions.
What if I need access to my money?
Withdrawals can be made without notice or penalty. Withdrawals can be made in branch, by telephone or online depending on your chosen mode of operation.
What happens after the guaranteed rate period?
The ISA will automatically transfer to the Newcastle’s Nova ISA. This is a variable rate no notice account. Nova ISA Terms & Conditions will apply, copies of which are available on request.
Principal Office: Portland House, New Bridge Street, Newcastle upon Tyne NE1 8AL. Telephone: (0191) 244 2000. Newcastle Building
Society is authorised and regulated by the Financial Services Authority (FSA) and is entered in the FSA’s register under number 156058.