Family Saver Plus
Up to 0.75% Gross* / 0.50% AER** including a 0.25% bonus for the first 6 months
Save for the family with a special notice account
Saving can be tricky once you start a family, which is why we've created a special notice account, just for families. The Family Saver account offers a high savings interest rate with a short notice period, so you can grow your savings and still have access to your money.
A high interest account with a 14 days notice period
Here at Newcastle, we understand that sometimes you have to dip into your savings, but this shouldn't mean you can't have a high interest account. So we've created a family notice account that has a short 14 day notice period and also allows you to withdraw money without notice with a 14 day loss of savings interest.
A notice account for the whole family
Our family notice account is available as a joint account. So if you want to add your husband, wife or partner, you're more than welcome. This way you can both put money into your high interest account and earn even more savings interest.
Choose between monthly interest and annual interest
You'll have the option of monthly interest or annual interest. If you opt for monthly interest your rate will be reduced by 0.25% but because the interest is deposited into your account every month, you'll actually earn interest on your interest.
Is this account right for you?
If you're still wondering which savings account is right for you, our friendly advisers will be happy to help. Simply pop into our branch: 197-201 Main St, Gibraltar or contact us on 00350 200 41143.
Our Family Saver Plus account gives you a great variable rate and a handy bonus for the first 6 months, so your cash will grow nicely while you're keeping everyone happy on the home front.
Product Terms
| Account Name | Newcastle Family Saver | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Annual Variable | Monthly Variable | |||||||||
| (Including Bonus) | (Excluding Bonus) | (Including Bonus) | (Excluding Bonus) | |||||||
| 0.75% Gross* | 0.50% Gross* | 0.50% Gross* | 0.25% Gross* | |||||||
| 0.75% AER** | 0.50% AER** | 0.50% AER** | 0.25% AER*** | |||||||
| Tax Status | Interest will be paid gross without the deduction of income tax. | |||||||||
| Conditions for bonus payment | Bonus payment is unconditional. | |||||||||
| Withdrawal arrangements | Withdrawals are allowed subject to 14 days notice or loss of interest. | |||||||||
| Access | By branch or online. | |||||||||
| Additional Important Information | ||||||||||
| Interest Payment | Annually | Monthly | ||||||||
| On account Anniversary | Last day of each month | |||||||||
| Minimum Balance | £100 | £1,000 | ||||||||
| Maximum Balance | £1,000,000 | £1,000,000 | ||||||||
* 'Gross' interest is the contractual rate of interest payable before the deduction of income tax.
** 'AER' means "Annual Equivalent Rate" and is a notional rate which illustrates contractual interest rate (excluding any bonus payable) as if paid and compounded on an annual basis.
Product Terms and Conditions
The Newcastle's General Investment Terms & Conditions will apply unless they are inconsistent with these Special Conditions, effective from the date of the account opening.
- The Account is a variable rate account.
- The Account can be operated in branch or online
- The minimum investment in the Account is £100 the maximum is £1,000,000.
- The Account can be held in single or joint names.
- After placing your Investment in the Account you may make further deposits while the Account is a current issue.
- Interest is calculated daily and paid on the account anniversary or monthly.
- Interest earned on the Account can be either credited to the account or paid directly to your nominated bank or building society account.
- Monthly interest will be paid on the last day of each month. Any final monthly interest due on maturity will be credited to the account. Monthly interest is only available on balances over £1,000.
- The bonus on the Account is variable, calculated daily and added to any interest payment received.
- Withdrawals are available subject to 14 days notice or loss of interest.
Apply
How do I apply?
- Step 1
- Carefully read the Product Terms and General Terms and Conditions.
(We strongly recommend that you print a copy of these Terms and Conditions for your records).
- Step 2
- Decide how much you would like to invest.
If you're still wondering which savings account is right for you, our friendly advisers will be happy to help. Simply visit our branch: 197-201 Main St, Gibraltar or contact us on 00350 200 41143.