|
A variable annual interest rate of
Gross/AER*. |
|
A variable monthly interest option at a rate of
Gross AER (available on balances over £1,000). |
| Minimum investment £250, maximum investment £250,000. |
| Online application. |
|
Convenience of being able to manage your savings online 24/7. |
| Online statements |
|
No Notice access to your funds. |
|
Bank of England base rate guaranteed |
|
Ability to transfer funds to and from your nominated accounts. |
|
Safety and security of a building society account. |
| *"AER" means the "annual equivalent rate" and is a notional rate which illustrates the contractual interest (excluding any bonus interest payment) as if paid and compounded on an annual basis |
 |
Access your account information 24 hours a day, 365 days a year. |
|
Download information in a spreadsheet for reconciliation purposes. |
|
Customise your own statements. |
|
Check the current interest rate on your account. |
|
Set up Direct Debit payments into or out of your account, from your nominated account |
Interest rates are variable and interest can be paid annually to your
account or monthly to provide an income.
Monthly interest is available, subject to a 0.15% reduction
in rate, on balances over £1000. Any monthly interest you receive will be paid to your nominated
bank account for you to use as you wish.
|
Annual |
Gross |
Net |
AER |
|
£250 - £250,000 |
5.58% |
4.46% |
5.58% |
|
Monthly |
Gross |
Net |
AER |
|
£1,000 - £250,000 |
5.43% |
4.34% |
5.57% |
When you open your account you will be given a User ID and password which will allow you to manage your account online, and where you'll be able to see a summary of your account(s), check your balance and transfer money online*.
Withdrawals can be made online at any time from your account to your nominated bank or building society account (subject to the terms of the account).
* Access restrictions may apply. Please see below for details.
Minimum Requirements
You will need a P.C. capable of running Microsoft Internet Explorer 5.5 or Netscape 7.0 or above. Your equipment will need at least the following minimum specification:
Any IBM Compatible 486DX/66 MHz or higher processor. Windows 95, Windows 98, Windows ME, Windows 2000, Windows XP or Windows NT 4 (service pack 3 or above) operating system. 16Mb RAM for Windows 95 or Windows 98 & 32Mb for Windows ME, Windows 2000, Windows XP or Windows NT 4. Mouse, Keyboard, Modem.
Although you may be able to access NewcastleNet Savings using an Apple
Macintosh (Mac), NewcastleNet Savings was not originally designed for
use with a Mac. At present we are therefore unable to support the use
of this account via a Mac
This account is convenient and easy to operate. It allows you to view statements online, and move money to and from your nominated bank account, all with the security offered by an operating environment with full 128 bit encryption.
Newcastle Building Society is the biggest
building society in the North East. With
assets under management in excess of £4.8bn we
are large enough to provide a full range of
products and services, but small enough to
care about the needs of our members.
The Newcastle is committed to remaining
mutual and by doing so we feel we are better
placed to continue to provide our investors
with the quality of service expected from one
of the country’s strongest building societies.
You can apply for this account safely and securely online. Simply click on the apply link below to be taken through the application process.
Update: You can find answers to common questions posed by investors regarding this account on our 'Frequently Asked Questions' page.
Newcastle Building
Society is committed to providing a full range of products and services
for all of our customers. With
this in mind we are able to provide this brochure in larger print, Braille
or audio cassette format. If you would like more details, or would like
to register to receive correspondence in an alternative format please
contact us on 0845 606 5522. Updated May 2008 |
